ECONOMIC BULLETIN FOR THE QUARTER ENDING SEPTEMBER … Economic Bullet… · This report is intended for general information only and is not intended to serve as ˜nancial or other

ECONOMIC BULLETINFOR THE QUARTER ENDING

SEPTEMBER 2019VOL. LI NO. 3

BANK OF TANZANIA

ECONOMIC BULLETINFOR THE QUARTER ENDING

JUNE 2019VOL. LI NO. 3

For any inquiry, please contact:Director of Economic Research and Policy

Bank of Tanzania, 2 Mirambo Street 11884 Dar es SalaamTelephone: +255 22 223 3328/9

Fax: +255 22 223 4060Email: [email protected]

This report is also available as a PDF for download at http://www.bot.go.tz

© Bank of Tanzania.All rights reserved. This report is intended for general information only and is not intended to serve as �nancial or other advice. No content of this publication may be quoted or reproduced in any form without fully acknowledging the Bank of Tanzania Economic Bulletin as the source. The Bank of Tanzania has taken every precaution to ensure accuracy of information and, therefore, shall not be liable to anyperson for inaccurate information or opinion contained in this publication.

For any inquiry please contact:Director of Economic Research and PolicyBank of Tanzania, 2 Mirambo Street 11884 Dar es SalaamTelephone: +255 22 223 3328/9Fax: +255 22 223 4060Email: [email protected]

This report is also available in PDF at: http://www.bot.go.tz

ISSN 0856-101 X

i

CONTENTS

SUMMARY OF ECONOMIC DEVELOPMENTS .............................................................................. ii

1.0 OUTPUT AND PRICES ........................................................................................................ 1 Gross Domestic Product ....................................................................................................... 1 Inflation ................................................................................................................................. 1 Food Supply Situation .......................................................................................................... 2 Domestic Pump Prices ......................................................................................................... 3 Production and Procurement of Major Commodities ............................................................ 3

2.0 MONETARY AND FINANCIAL MARKETS DEVELOPMENTS ........................................... 4 Money Supply and Credit Developments ............................................................................. 4 Interest Rates ....................................................................................................................... 6 Financial Markets ................................................................................................................. 6

3.0 PUBLIC FINANCE ............................................................................................................... 8 Government Budgetary Operations ...................................................................................... 8 Revenue and Grants ............................................................................................................. 8 National Debt ........................................................................................................................ 8

4.0 EXTERNAL SECTOR PERFORMANCE ............................................................................. 11 World Commodity Prices ...................................................................................................... 12

5.0 ECONOMIC DEVELOPMENTS IN ZANZIBAR ................................................................... 13 Gross Domestic Product ....................................................................................................... 13 Inflation ................................................................................................................................. 15 External Sector Performance ............................................................................................... 17

6.0 REGIONAL ECONOMIC DEVELOPMENTS ....................................................................... 18

7.0 STATISTICAL TABLES AND MANAGEMENT LIST ........................................................... 19

A1: STATISTICAL TABLES ................................................................................................. 20

A2: LIST OF MANAGEMENT .............................................................................................. 72

8.0 GLOSSARY .......................................................................................................................... 77

SUMMARY OF ECONOMIC DEVELOPMENTS

Economic growth, as measured by gross domestic product (GDP), was strong at 7.2 percent in the second quarter in 2019 compared with 6.1 percent in the corresponding quarter of 2018. Main drivers were construction, agriculture, and mining and quarrying activities, which altogether contributed about 67.7 percent of the growth. The fastest growing activities were construction, which grew by 19.6 percent, mining and quarrying (17.2 percent), information and communication (10.3 percent) and water by 10.0 percent.

Inflation remained low and below the country medium-term target of 5.0 percent, and EAC and SADC convergence criteria of utmost 8.0 percent and 3-7.0 percent, respectively. Specifically, annual headline (overall) inflation averaged 3.6 percent in the quarter ending September 2019, marginally above 3.5 percent in the preceding quarter. In EAC region, headline inflation averaged 1.7 percent, while in SADC it was 44.7 percent.

Strong growth of money supply was sustained in September 2019, as annual growth of extended broad money supply (M3) was 9.4 percent compared with 7.7 percent in June 2019 and 7.5 percent in September 2018. The high growth of money supply was accounted for by private sector credit growth, accommodative monetary policy, measures taken to improve banks’ asset quality, and on-going measures to improve business environment. Credit extended by banks to the private sector grew by 9.3 percent in September 2019, well-above 7.6 percent in June 2019 and 4.9 percent in September 2018. Interest rates on deposits and loans were relatively lower during the quarter to September 2019 compared with the corresponding quarter of 2018. The overall lending rate softened by 47 basis points from the quarter ending September 2018 to an average of 16.87 percent. The one-year lending rate decreased by 1.94 percentage points to 16.34 percent. The overall deposit rate declined by 75 basis points to

7.12 percent but one-year deposit rate increased significantly to 8.84 percent from 7.82 percent. The spread between one-year deposits rate and lending rate narrowed to 7.49 percentage points from 10.46 percentage points.

Exchange rate was stable throughout the quarter under review, averaging 2,300.60 per US dollar compared with 2,283.79 per US dollar in the quarter ending September 2018. The movement of real exchange rate was also stable and close to its long-term path, driven by macroeconomic stability.

Fiscal operations remained streamlined to facilitate sustainable economic growth, through efforts to enhance revenue collection and spending on development projects. During the quarter ending September 2019, central government resource envelope, comprising domestic revenue and foreign grants, amounted to TZS 5,091.5 billion, while expenditure was TZS 4,289.5 billion.

External debt stock stood at USD 22,171.9 million at the end of September 2019 from USD 21,920.0 million in the preceding quarter and USD 20,555.6 million at the end of September 2018, on account of loans contracted for development projects. The external debt remained sustainable as evidenced by the ratio of external debt service to exports of 19.4 percent compared with the threshold of 23.0 percent. Domestic debt stock decreased to 14,060.8 billion from TZS 14,863.1 billion and TZS 14,147.6 billion at the end of June 2019 and September 2018, respectively.

The overall balance of payments improved to a surplus of USD 960.7 million compared to a deficit of USD 67.7 million in the corresponding quarter of 2018. This was partly driven by improvement in the current account, to a deficit of USD 108.8 million from USD 659.7 million, owing to higher

ii

iii

exports which more than offset increase in imports. Gross official foreign reserves amounted to USD 5,306.5 million at the end of September 2019 from USD 5,437.1 million at the end of September 2018. The reserves were sufficient to cover 6.1 months of projected import of goods and services.

The Zanzibar economy grew by 2.2 percent in the second quarter of 2019 compared with 4.6 percent in the similar quarter in 2018. Procurement of cloves increased considerably to 561.2 tonnes from 104.6 tonnes in the quarter ending September 2018 owing to cyclical nature of the crop. Inflation remained low, as headline inflation eased to an average of 2.2 percent from 2.9 percent and 3.7 percent in the preceding quarter and similar quarter of 2018, respectively. As in the preceding quarters, the Government of Zanzibar continued to strengthen revenue mobilization efforts, ensure discipline in the use of public funds and rationalize expenditure based on

available resources, budget estimates, and priorities. During the quarter ending September 2019, government resource envelope amounted to TZS 210.3 billion, while expenditure was TZS 291.8 billion. Debt stock, including domestic and external debt, increased to TZS 800.3 billion at the end of September 2019 from TZS 469.6 billion at the end of the similar quarter in 2018, mainly on account of new disbursement of funds borrowed to finance development activities. The current account registered a deficit of USD 25.3 million during the quarter ending September 2019 compared with a deficit of USD 16.4 million in the corresponding quarter of 2018, largely owing to increase in imports.

Chart 1.2: Real GDP Contribution by Activity

Percent

Source: National Bureau of Statistics, Bank of Tanzania computationsNote: Q denotes quarter

Inflation

Twelve-month headline inflation remained below the country medium-term target of 5.0 percent and EAC and SADC convergence benchmarks of 8.0 percent (ceiling) and 3.0-7.0 percent, respectively. Twelve-month headline inflation averaged 3.6 percent in the quarter to September 2019 compared with 3.5 percent in the preceding quarter and 3.3 percent in the corresponding quarter of 2018 (Table 1.5).

Gross Domestic Product1

The economy grew strongly in the second quarter of 2019, as real gross domestic product (GDP) expanded by 7.2 percent, year-on-year, compared with 6.1 percent in the corresponding quarter of 2018 (Chart 1.1). The robust growth was driven by construction, which accounted for 40.5 percent, followed by agriculture, and mining and quarrying (Chart 1.2). Economic activities that recorded fastest growth rates were construction, which grew by 19.6 percent, mining and quarrying (17.2 percent), information and communication (10.3 percent) and water (10.0 percent). The high growth of construction activity reflects the on-going public investments in infrastructure, particularly construction of a standard gauge railway, construction of hydropower project, roads, bridges, and buildings. .

Chart 1.1: Year-on-Year Real GDP Growth Rates

Source: National Bureau of Statistics

1.0 OUTPUT AND PRICES

1

6.7

8.2

6.76.1

7.2

2015 2016 2017 2018 2019

Quarter ending June

-1.2-0.40.30.71.01.21.21.51.51.82.0

2.83.64.0

4.99.6

13.122.5

Financial and insurancePublic administration

WaterElectricity

Professional, scientific and technical act.Accommodation and restaurant

HealthOther services

EducationReal estate

Administrative and support servicesInformation and communication

Mining and quarryingManufacturing

Trade and repairConstruction

Transport and storageAgriculture

2018 - Q2

0.50.50.60.60.71.42.02.42.72.83.23.5

6.47.58.3

10.516.6

40.5

ElectricityAccommodation and restaurant

HealthWater

Professional, scientific and technical act.Other services

Real estateEducation

Financial and insuranceInformation and communication

Public administrationAdministrative and support services

ManufacturingTrade and repair

Transport and storageMining and quarrying

AgricultureConstruction

2019 - Q2

1 Statistics for the quarter ending September 2019 were not available at the time of publishing this report.

Table 1.1: Quarterly Changes in Consumer Price Index

Base: Dec 2015=100

Source: National Bureau of Statistics and Bank of Tanzania computations

Chart 1.3: Inflation Developments


Food Supply Situation

Food Stocks

Food supply remained adequate in most parts of the country following good harvest in 2018/19 crop-season. The Ministry of Agriculture estimated production of food crops to be 16.4 million tonnes, higher than national food requirement of 13.8 million tonnes2.

2

Main groups Weight Sep-18 Dec-18 Mar-19 Jun-19 Sep-19

Headline/All items 100.0 3.3 3.1 3.0 3.5 3.6

Food and non-alcoholic beverages 38.5 2.3 0.9 0.5 1.8 3.5

Transport 12.5 2.9 4.4 3.8 4.1 3.4Housing, water, electricity, gas and other fuel 11.6 12.6 13.2 12.3 9.7 6.2

Clothing and footwear 8.3 2.8 3.4 3.5 3.4 2.7Furnishing, housing equipments and house maintenance 6.3 2.9 3.2 4.1 4.2 3.8

Communication 5.6 -2.6 -2.6 -1.9 -0.4 0.8

Restaurants and hotels 4.2 1.3 2.1 3.6 4.9 4.5

Alcohol and tobacco 3.7 1.3 1.9 2.7 3.6 2.3

Miscellaneous goods and services 3.1 1.2 2.0 2.7 2.5 2.4

Health 2.9 1.2 0.9 1.4 2.0 1.8

Recreation and culture 1.6 0.0 -0.5 0.2 2.4 1.8

Education 1.5 2.5 2.4 1.9 2.0 1.6

Other selected groups:Food and non-alcoholic Beverages: combining food consumed at home and food consumed in restaurants 37.1 3.1 2.4 2.2 3.6 5.0Energy and fuels: combining electricity and other fuels for use at home with petrol and diesel 8.7 18.7 18.8 15.5 11.6 6.7

All items less food (non-food) 62.9 4.6 5.2 5.3 4.9 3.6

All items less food and energy 54.3 1.9 2.7 3.3 3.5 2.9

Quarter ending

0

2

4

6

8

10

12

14

Sep-

16

Dec

-16

Mar

-17

Jun-

17

Sep-

17

Dec

-17

Mar

-18

Jun-

18

Sep-

18

Dec

-18

Mar

-19

Jun-

19

Sep-

19

Perc

ent

Headline Food Non-food Non-food non-energy

2015 2016 2017 2018 2019

January 459,561.0 125,668.0 86,833.5 91,947.0 93,037.2

February 454,592.0 88,414.0 86,444.0 91,312.7 85,524.5

March 452,054.0 68,727.0 86,443.8 83,650.3 78,336.3

April 433,547.0 64,825.0 86,278.0 73,467.7 68,747.8

May 406,846.0 63,341.0 74,826.0 68,893.4 68,057.7

June 353,702.0 61,837.5 70,393.0 63,843.9 67,335.9

July 282,401.0 49,632.0 68,697.0 62,288.0 67,410.1

August 268,514.9 59,832.0 78,434.0 62,317.3 68,407.0

September 265,046.0 86,545.0 85,403.0 78,224.0 61,710.8

October 253,655.2 90,905.0 89,248.0 87,435.0

November 238,133.6 90,900.0 93,353.7 92,402.0

December 180,746.3 89,691.8 92,074.0 95,534.1

Crop Sep-18 Jun-19 Sep-19Jun-19 to Sep-19

Sep-18 to Sep-19

Maize 56,226.5 59,850.6 66,166.1 10.6 17.7

Rice 128,120.6 164,935.6 163,608.4 -0.8 27.7

Beans 135,323.8 162,801.6 162,339.7 -0.3 20.0

Sorghum 80,107.0 81,556.9 85,803.9 5.2 7.1

Round potatoes 82,595.1 74,577.9 72,864.8 -2.3 -11.8

Finger millet 130,362.0 134,794.8 125,617.9 -6.8 -3.6

Quarter ending Percentage change

2 Consist of maize, sorghum, millet, rice, wheat, pulses, banana, cassava and round potatoes.

The stock of food held by the National Food Reserve Agency (NFRA) amounted to 61,710.8 tonnes at the end of September 20193 (Table 1.2). During the quarter, the NFRA sold 8,407.3 tonnes of maize to private traders, World Food Program and Prisons Department, and purchased 2,782.2 tonnes from various domestic sources.

Table 1.2: National Food Reserves Held by NFRA

Source: National Food Reserve Agency

Wholesale Prices of Food Crops

During the quarter ending September 2019, average wholesale prices of all major food crops4 increased compared with the corresponding quarter of 2018, except for round potatoes and finger millet (Table 1.4).

Table 1.3: Average Wholesale Prices of Major Food Crops

TZS per 100kg

Source: Ministry of Industry and Trade

3Food stock held by NFRA comprises of maize only and excludes stocks held by private traders.4They include maize, rice, beans, sorghum, round potatoes and finger millet.

Domestic Pump Prices

Domestic pump prices were lower during the quarter ending September 2019 than in the corresponding quarter of 2018, with petrol recording the highest decline (Table 1.4). Chart 1.4 shows domestic pump prices developments on monthly basis.

Table 1.4: Quarterly Average Domestic Pump Prices

TZS/Litre


Chart 1.4: Monthly Domestic Pump Prices Developments


Production and Procurement of Major Commodities

Production of Gold and Diamond

The value of gold and diamond produced by large-scale miners increased by 6.4 percent to USD 388.9 million in the quarter ending September 2019 from USD 378.5 million registered in similar quarter of 2018 due to an increase in price of gold in the world market. Gold produced during the quarter declined to 10,045.3 kilograms from 11,437.1 kilograms in the quarter

3

Sep-18 Jun-19 Sep-19Jun-19 to Sep-19

Sep-18 to Sep-19

Petrol 2,456.7 2,319.4 2,338.4 0.8 -4.8

Diesel 2,374.9 2,291.9 2,266.4 -1.1 -4.6

Kerosene 2,294.8 2,237.2 2,237.3 0.0 -2.5


1500

1700

1900

2100

2300

2500

2700

Sep-

16

Dec-

16

Mar

-17

Jun-

17

Sep-

17

Dec-

17

Mar

-18

Jun-

18

Sep-

18

Dec-

18

Mar

-19

Jun-

19

Sep-

19

TZS/

Litre

Petrol Diesel Kerosene

Percentage

Crop Sep-18 Sep-19Sep-18 to

Sep-19

Cashew nuts 0.0

Cotton lint 73,952.9 96,395.2 30.3

Coffee 47,419.9 37,151.4 -21.7

Sisal 8,158.4 8,501.4 4.2

Tobacco 19,173.2 25,318.9 32.1

Tea 4,299.0 3,232.1 -24.8

Quarter ending

off season

ending September 2018, while production of diamond increased by 55.8 percent to 125,355.1 karats (Table 1.5).

Table 1.5: Production of Gold and Diamond

Source: Respective mining companies

Procurement of Traditional Export Crops

Volume of cotton, tobacco and sisal procured during the quarter ending September 2019 was higher than the volume procured in the similar quarter of 2018 (Table 1.6). The recorded increase in cotton and tobacco was attributed to among others, utilization of improved seeds and steady application of fertilizers and pesticides. As for sisal, the increase was driven by higher domestic demand for raw materials to produce sisal products. On the contrary, procurement of coffee declined partly due to crop cycle coupled with drought experienced in Arusha and Kilimanjaro regions, while that of tea was attributed to hail falls and frost that affected some of the tea fields in Njombe, Mbeya and Mufindi.

Table 1.6: Procurement of Traditional Export Crops

Tonnes

Source: Respective crops boards

Sep-18 Jun-19 Sep-19Jun-19 to Sep-19

Sep-18 to Sep-19

Gold Kilograms 11,437.1 11,604.7 10,045.3 -13.4 -12.2

Value (USD Million) 346.6 361.8 370.5 2.4 6.9

Diamond Karats 80,457.1 92,278.0 125,355.1 35.8 55.8

Value (USD Million) 18.9 16.7 18.4 10.5 -2.2

Type Unit


4

2.0 MONETARY AND FINANCIAL MARKETS DEVELOPMENTS

Money Supply and Credit Developments

Extended broad money supply (M3) grew strongly by 9.4 percent in the year ending September 2019 compared with 7.7 percent and 7.5 percent in the year ending June 2019 and the corresponding period of 2018, respectively. Broad money supply (M2) grew by 9.8 percent, compared with 10.8 percent that was recorded in June 2019, and 7.2 percent in September 2018 (Chart 2.1 and Table 2.1). The increase in money supply was driven by private sector credit growth, accommodative monetary policy and measures to improve performance of banks and business environment.

Chart 2.1: Evolution of Money Supply

Source: Bank of Tanzania, banks, and Bank of Tanzania computationsNote: LHS implies left hand scale and RHS right hand scale

Table 2.1: Money Supply and its Main Sources

Source: Bank of Tanzania and banksNote: “---” denotes a change that exceeds100 percent

0

2

4

6

8

10

12

0

4,000

8,000

12,000

16,000

20,000

24,000

28,000

Sep-

17

Dec-

17

Mar

-18

Jun-

18

Sep-

18

Dec-

18

Mar

-19

Jun-

19

Sep-

19

Perc

ent

Billio

ns o

f TZS

M3 Money stock (LHS) M3 growth (RHS)

Sep-18 Jun-19 Sep-19 Sep-18 Jun-19 Sep-19

Net foreign assets of the banking system 11,631.0 9,626.3 11,924.2 11.9 -14.3 2.5

Bank of Tanzania 11,495.8 9,420.9 11,682.4 1.7 -18.2 1.6

Banks 135.2 205.4 241.8 --- --- 78.8

Net domestic assets of the banking system 13,644.9 17,614.5 15,717.0 4.0 25.3 15.2

Domestic claims 21,480.1 25,073.9 22,815.9 7.3 17.4 6.2

Claims on central government (net) 3,910.7 6,212.8 3,610.0 19.3 62.2 -7.7

Claims on the private sector 17,569.4 18,861.1 19,206.0 4.9 7.6 9.3

Other items net -7,835.2 -7,459.4 -7,098.9 13.4 2.1 -9.4

Extended broad money supply (M3) 25,275.9 27,240.8 27,641.2 7.5 7.7 9.4

Foreign currency deposits 6,674.4 6,238.7 7,211.1 8.2 -1.7 8.0

Broad money supply (M2) 18,601.4 21,002.1 20,430.1 7.2 10.8 9.8

Other deposits 7,065.3 7,480.4 7,753.2 0.8 4.0 9.7

Narrow money supply (M1) 11,536.1 13,521.7 12,676.9 11.6 15.0 9.9

Currency in circulation 3,835.2 4,121.0 4,130.3 6.3 5.0 7.7

Transferable deposits 7,700.9 9,400.7 8,546.6 14.5 20.0 11.0

Annual growth (%)

Item

Outstanding stock (Billion of TZS)

Chart 2.2: Annual Change of Major Components of Money Supply

Source: Bank of Tanzania, banks and Bank of Tanzania computations

Net domestic credit of the banking system grew by 15.2 percent in the year ending September 2019 compared with 4.0 percent in September 2018, mainly driven by high expansion of credit to the private sector. Credit to the private sector grew by 9.3 percent, up from 7.6 percent in June 2019, and 4.9 percent in September 2018 (Chart 2.3). The growth was largely supported by accommodative monetary policy, improvement in asset quality of banks as reflected by decrease of non-performing loans, and measures to improve business environment. Credit to the central government contracted by 7.7 percent compared to growth of 19.3 percent recorded in the year ending September 2018, mainly due to decline in banks’ holding of government securities and build-up of government deposits at the Bank of Tanzania following improved revenue collections.

-2,000

-1,000

0

1,000

2,000

3,000

4,000

Sep-

17

Dec-

17

Mar

-18

Jun-

18

Sep-

18

Dec-

18

Mar

-19

Jun-

19

Sep-

19

Billio

ns o

f TZS

Credit to the private sector NFA of the banking systemNet government borrowing

Chart 2.3: Credit to Private Sector by Banks

Source: Banks and Bank of Tanzania computationsNote: LHS denotes left hand scale; and RHS, right hand scale

In the year ending September 2019, credit extended to all major economic activities recorded positive growth rates, save for trade, and hotels and restaurants activities (Chart 2.4). Agricultural, building and construction, and mining and quarrying activities recorded growth rates above 45 percent each, owing to government efforts to improve agriculture and agri-business, management of mining activities and infrastructure in various parts of the country.

Personal-related activities and trade continued to account for the largest share of the outstanding credit, holding 29.9 percent and 17.4 percent of banks’ outstanding credit, respectively (Chart 2.5).

Chart 2.4: Annual Growth of Banks' Credit to Selected Economic Activities

Source: Banks and Bank of Tanzania computations

Chart 2.5: Shares of Banks’ Credit to Selected Economic Activities


0

2

4

6

8

10

12

14

0

3,000

6,000

9,000

12,000

15,000

18,000

21,000Se

p-17

Dec-

17

Mar

-18

Jun-

18

Sep-

18

Dec-

18

Mar

-19

Jun-

19

Sep-

19

Perc

ent

Billio

ns o

f TZS

Stock of credit to the private sector (LHS) Credit growth (RHS)

-20.2%

-14.7%

-9.7%

-4.0%

-1.8%

0.3%

34.9%

60.1%

Building and construction

Tourism

Agriculture

Hotels and restaurants

Trade

Transport and communication

Mining and quarrying

Personal

Sep-18

-11.8%

-7.8%

-0.3%

0.6%

24.0%

45.1%

62.7%

68.5%


Tourism

Trade


Personal



Agriculture

Sep-19

2.3%

3.4%

3.8%

5.3%

5.6%

5.9%

11.2%

19.3%

26.6%

Electicity



Other services


Agriculture

Manufacturing

Trade

Personal

Sep-18

1.0%

2.8%

3.4%

5.1%

5.7%

9.0%

10.5%

17.4%

29.9%

Electicity


Other services



Agriculture

Manufacturing

Trade

Personal

Sep-19

5

6

Interest Rates

During the quarter ending September 2019, interest rates on loans and deposits by banks were relatively lower than the rates recorded in the corresponding quarter of 2018 (Table 2.2). The overall lending rate softened by 47 basis points from the rate recorded in the quarter ending September 2018 to an average of 16.87 percent. One-year lending rate decreased by 1.94 percentage points to 16.34 percent.

The overall deposits rate declined by 75 basis points to an average of 7.12 percent, while one-year deposits rate increased to an average of 8.84 percent in the quarter ending September 2019 from 7.82 percent recorded in the similar quarter in 2018. As a result, the spread between one-year deposits rate and lending rate narrowed to 7.49 percentage points from 10.46 percentage points in the quarter ending September 2018.

Table 2.2: Selected Banks’ Interest Rates (Quarterly Average)

Percent


Financial Markets

During the quarter ending September 2019, the Bank of Tanzania offered Treasury bills worth TZS 640.2 billion mainly for government budgetary financing and market development. The amount was lower than TZS 990.5 billion that was offered in the preceding quarter. The auctions were oversubscribed, recording bids worth TZS 1,447.8 billion, of which bids worth TZS 625.2 billion were successful. Consistent with strong demand, overall weighted average yield fell to an average of 7.42 percent from 8.49 percent recorded the preceding quarter (Chart 2.6).

S ep-17 Dec-17 Mar-18 J un-18 S ep-18 Dec-18 Mar-19 J un-19 S ep-19

S avings deposit rate 3.03 2.81 2.80 2.13 2.52 2.63 2.58 2.45 2.43

Overall time deposits rate 10.17 9.66 8.99 8.32 7.87 7.76 7.41 7.27 7.12

12 Months deposits rate 11.75 11.14 10.26 8.86 7.82 8.18 8.72 8.57 8.84

Negotiated deposit rate 11.65 10.84 10.50 9.54 9.27 8.81 8.94 8.88 8.83

Overall lending rate 18.18 17.98 17.76 17.53 17.34 17.03 17.08 17.10 16.87

S hort-term (up to 1year) 19.06 18.50 18.40 17.95 18.28 18.19 16.95 16.82 16.34

Negotiated lending rate 16.83 17.20 16.18 16.16 15.93 15.35 14.80 14.76 14.26Margin between one year lending and deposit rates 7.31 7.36 8.14 9.09 10.46 10.01 8.22 8.25 7.49

Q uarter ending

0

2

4

6

8

10

12

0

400

800

1,200

1,600

2,000

2,400

Sep-

17

Dec-

17

Mar

-18

Jun-

18

Sep-

18

Dec-

18

Mar

-19

Jun-

19

Sep-

19

Billio

ns o

f TZS

Perc

ent

Offer (LHS) Tender (LHS)Sucessful bids (LHS) Weighted average yield (RHS)

Chart 2.6: Treasury Bills Market Performance

Source: Bank of TanzaniaNote: LHS denotes left hand scale; and RHS, right hand scale

The Bank of Tanzania, on behalf of the Government, offered 2-, 7-, 10-, 15- and 20-year Treasury bonds worth TZS 834.5 billion, in total, for budget financing. Total bids received amounted to TZS 1,148.6 billion, of which TZS 743.2 billion were successful. The weighted average yield to maturity for all auctioned instruments decreased when compared to the rates recorded in the preceding quarter in line with higher liquidity in the banking system. Specifically, weighted average yield for the 2-year and 10 year bond decreased by 59 and 16 basis points to 11.4 percent and 15.1 percent. Likewise WAY for 15-year and 20 year Treasury bonds decreased by 9 and 2 basis points to 16.0 percent and 17.39 percent, respectively.

The inter-bank cash market (IBCM) was active throughout the quarter ending September 2019, with total value of transactions amounting to TZS 3,501.27 billion compared with TZS 4,709.67 billion and TZS 2,076.15 billion in the preceding quarter and corresponding quarter of 2018, respectively. Overnight placements accounted for 36.0 percent of IBCM transactions, lower than for 51.5 percent and 53.2 percent in the preceding quarter and corresponding quarter of 2018, respectively. The overall IBCM rate decreased to an average of 5.23 percent from 5.61 percent in the quarter to June 2019 (Chart 2.7).

Chart 2.7: Inter-bank Cash Market Transactions

Source: Bank of Tanzania Note: LHS denotes left hand scale; and RHS, right hand scale

The Bank of Tanzania used reverse repurchase agreements (reverse repo) for meeting demand for short-term liquidity by banks. Accordingly, reverse repo worth TZS 1,166.9 billion were conducted through auctions compared with TZS 2,571.8 billion and TZS 871.3 billion in the preceding quarter and corresponding quarter of 2018, respectively. Reverse repo rate averaged 5.57 percent, slightly higher than 5.16 percent in the quarter to June 2019 (Chart 2.8).

Chart 2.8: Reverse Repos Transactions

Source: Bank of Tanzania Note: LHS denotes left hand scale; and RHS, righthand scale

7

Interest Rates

During the quarter ending September 2019, interest rates on loans and deposits by banks were relatively lower than the rates recorded in the corresponding quarter of 2018 (Table 2.2). The overall lending rate softened by 47 basis points from the rate recorded in the quarter ending September 2018 to an average of 16.87 percent. One-year lending rate decreased by 1.94 percentage points to 16.34 percent.

The overall deposits rate declined by 75 basis points to an average of 7.12 percent, while one-year deposits rate increased to an average of 8.84 percent in the quarter ending September 2019 from 7.82 percent recorded in the similar quarter in 2018. As a result, the spread between one-year deposits rate and lending rate narrowed to 7.49 percentage points from 10.46 percentage points in the quarter ending September 2018.

Table 2.2: Selected Banks’ Interest Rates (Quarterly Average)

Percent


Financial Markets

During the quarter ending September 2019, the Bank of Tanzania offered Treasury bills worth TZS 640.2 billion mainly for government budgetary financing and market development. The amount was lower than TZS 990.5 billion that was offered in the preceding quarter. The auctions were oversubscribed, recording bids worth TZS 1,447.8 billion, of which bids worth TZS 625.2 billion were successful. Consistent with strong demand, overall weighted average yield fell to an average of 7.42 percent from 8.49 percent recorded the preceding quarter (Chart 2.6).

0

1

2

3

4

5

6

0

800

1,600

2,400

3,200

4,000

4,800

Sep-

17

Dec

-17

Mar

-18

Jun-

18

Sep-

18

Dec-

18

Mar

-19

Jun-

19

Sep-

19

Perc

ent

Billio

ns o

f TZS

Value of inter-bank cash market transactions (LHS)Value of overnight transactions (LHS)Overnight inter-bank cash market rate (RHS)Overall inter-bank cash market rate (RHS)

0

1

2

3

4

5

6

0

500

1,000

1,500

2,000

2,500

3,000

Sep-

17

Dec-

17

Mar

-18

Jun-

18

Sep-

18

Dec-

18

Mar

-19

Jun-

19

Sep-

19

Perc

ent

Billio

ns o

f TZS

Reverse repo sales (LHS) Reverse repo rate (RHS)

Inter-bank foreign exchange market (IFEM) was buoyant, with value of transactions amounting to USD 446.4 million in the quarter ending September 2019 compared with USD 260.6 million in the preceding quarter (Chart 2.9). The Bank of Tanzania participated in the market for monetary policy and foreign reserve management purposes, purchasing USD 196.8 million compared with a net purchase of USD 68.7 million and USD 15.9 million in the preceding quarter and corresponding quarter, respectively. The shilling remained stable against the US dollar, trading at TZS 2,300.60 per US dollar compared with TZS 2,300.33 per US dollar in the preceding quarter and TZS 2,283.79 per US dollar in the quarter ending September 2018. The shilling depreciated by 0.73 percent in the year ending September 2019 compared with a depreciation 1.75 percent in the year ending September 2018. Therefore, given the rate of inflation of 3.6 percent in September 2019, the rate of depreciation was within desirable levels required to maintain parity condition between Tanzania’s major trading partners.

Chart 2.9: Inter-Bank Foreign Exchange Market Transactions and Exchange Rate


2,100

2,150

2,200

2,250

2,300

2,350

0

150

300

450

600

750

Sep-

17

Dec-

17

Mar

-18

Jun-

18

Sep-

18

Dec-

18

Mar

-19

Jun-

19

Sep-

19

TZS/

USD

Milli

ons

of U

SD

Value of transactions (LHS) Weighted average exchange rate (RHS)

Chart 2.6: Treasury Bills Market Performance


The Bank of Tanzania, on behalf of the Government, offered 2-, 7-, 10-, 15- and 20-year Treasury bonds worth TZS 834.5 billion, in total, for budget financing. Total bids received amounted to TZS 1,148.6 billion, of which TZS 743.2 billion were successful. The weighted average yield to maturity for all auctioned instruments decreased when compared to the rates recorded in the preceding quarter in line with higher liquidity in the banking system. Specifically, weighted average yield for the 2-year and 10 year bond decreased by 59 and 16 basis points to 11.4 percent and 15.1 percent. Likewise WAY for 15-year and 20 year Treasury bonds decreased by 9 and 2 basis points to 16.0 percent and 17.39 percent, respectively.

The inter-bank cash market (IBCM) was active throughout the quarter ending September 2019, with total value of transactions amounting to TZS 3,501.27 billion compared with TZS 4,709.67 billion and TZS 2,076.15 billion in the preceding quarter and corresponding quarter of 2018, respectively. Overnight placements accounted for 36.0 percent of IBCM transactions, lower than for 51.5 percent and 53.2 percent in the preceding quarter and corresponding quarter of 2018, respectively. The overall IBCM rate decreased to an average of 5.23 percent from 5.61 percent in the quarter to June 2019 (Chart 2.7).

Chart 2.7: Inter-bank Cash Market Transactions

Source: Bank of Tanzania Note: LHS denotes left hand scale; and RHS, right hand scale

The Bank of Tanzania used reverse repurchase agreements (reverse repo) for meeting demand for short-term liquidity by banks. Accordingly, reverse repo worth TZS 1,166.9 billion were conducted through auctions compared with TZS 2,571.8 billion and TZS 871.3 billion in the preceding quarter and corresponding quarter of 2018, respectively. Reverse repo rate averaged 5.57 percent, slightly higher than 5.16 percent in the quarter to June 2019 (Chart 2.8).

Chart 2.8: Reverse Repos Transactions

Source: Bank of Tanzania Note: LHS denotes left hand scale; and RHS, righthand scale

3.0 PUBLIC FINANCE

8

Government Budgetary Operations

During the quarter ending September 2019, resource envelope, revenue and grants, amounted to TZS 5,091.5 billion, while expenditure was TZS 4,289.5 billion.

Revenue and Grants

Revenue collected by central government amounted to TZS 4,796.8 billion, of which tax revenue was TZS 4,228.1 billion and non-tax revenue was TZS 568.7 billion. Tax revenue increased by 12.7 percent from the corresponding quarter in 2018. Local government collections from own sources amounted to TZS 170.1 billion compared with TZS 143.3 billion registered in the quarter ending September 2018. Chart 3.1 shows Central Government resources during the quarter ending September 2018 and 2019.

Chart 3.1: Government Resources for the Quarters Ending September

Billions of TZS

Source: Ministry of Finance and Planning

ExpenditureDuring the quarter under review, government expenditure amounted to TZS 4,289.5 billion, of which recurrent expenditure was TZS 3,032.7 billion and development expenditure was TZS 1,256.8 billion (Chart 3.2).

1,39

2.4

1,20

3.9

931.

7

224.

0

516.

0

91.1

1,54

2.9

1,44

4.3

961.

3

279.

5 568.

7

124.

6

Taxes onimports

Income taxes Taxes onlocal goodsand services

Other taxes Non- taxrevenue

Grants

Sep-18 Sep-19

Chart 3.2: Government Expenditure for the Quarters Ending September

Billions of TZS

Source: Ministry of Finance and Planning

National Debt

External debt stock, central government and private sector debt, amounted to USD 22,171.9 million at the end of September 2019, an increase of USD 251.0 million and USD 1,616.4 million from the end of preceding quarter and corresponding quarter of 2018, respectively. The increase was largely driven by disbursements to both central government and private sector. Disbursed outstanding debt (principal amount of the debt stock) accounted for 91.5 percent of the external debt stock and the balance was interest arrears.

Debt owed by the central government was USD 17,076.7 million, accounting for 77.0 percent of total debt stock, having increased by USD 448.1 million and USD 1,378.3 million from the preceding quarter and corresponding quarter of 2018, respectively (Table 3.1).

1,64

7.5

436.

5

976.

4 1,07

8.5

268.

5

1,71

1.3

493.

8

827.

6

854.

8

402.

0

Wages andsalaries

Interestpayments

Other reccurentexpenditures

Developmentexpenditure -

locally financed

Developmentexpenditure -

foreign financed

Sep-18 Sep-19

9

Table 3.1: External Debt Stock by Borrower Category

Millions of US

Source: Ministry of Finance and Planning, and Bank of TanzaniaNote: DOD denotes disbursed outstanding debt

In terms of creditors profile, debt owed to multilateral institutions continued to hold the largest share of external debt by accounting for 43.9 percent, followed by commercial debt at 36.5 percent (Table 3.2).

Table 3.2: External Debt Stock by Creditor Category

Millions of USD


Debt worth USD 1,040.5 million was disbursed during the quarter ending September 2019, of which USD 960.1 million was received by the central government for public investment projects and balance by private sector. Cumulative disbursements from October 2018 to September 2019 amounted to USD 2,314.2 million, of which about 92.8 percent was received by the central million was principal repayment and the balance was interest payment. Cumulative debt service payments amounted to USD 1,325.0 million, of

which USD 1,018.8 million was principal repayment.

Stock of domestic debt was TZS 14,060.8 billion at the end of September 2019, a decrease of TZS 802.3 billion and TZS 86.8 billion from the end of the preceding quarter and corresponding quarter of 2018, respectively. The decrease was on account of net debt repayment, particularly clearance of government overdraft with the Bank of Tanzania. Long-term debt instruments (Treasury bonds and stocks) constituted the largest share of the debt, accounted for 78.9 percent (Table 3.3).

Table 3.3: Government Domestic Debt by Instrument

Billions of TZS

Source: Ministry of Finance and Planning, and Bank of TanzaniaNote: * includes NMB bank Plc standard loan and duty drawback

Regarding structure of domestic debt stock by creditor, commercial banks sustained dominance, followed by pension funds (Table 3.4).

Table 3.4: Government Domestic Debt by Holder Category

Billions of TZS

Source: Bank of Tanzania

Debt securities issued for budgetary financing during the quarter ending September 2019 amounted to TZS 1,461.8 billion, of which TZS 622.9 billion was Treasury bills and TZS 838.9

billion was Treasury bonds. For the year ending September 2019 debt securities issued amounted to TZS 4,786.2 billion, of which 61.4 percent was Treasury bills and the balance was Treasury bonds. Debt which fell due, excluding overdraft payments, amounted to TZS 1,201.4 billion compared with TZS 1,079.5 billion in the preceding quarter. The principal amount of TZS 886.7 billion was rolled over, while interest component of TZS 314.7 billion was paid out. Debt service from October 2018 to September 2019 was TZS 4,911.6 billion, of which TZS 3,620.5 billion was principal repayment.

Central government

DOD

Interest arrears

Private sector

DOD

Interest arrears

Public corporations

DOD

Interest arrears

External debt stock

Borrower Amount Share (%)

15,698.4 76.4

14,849.8 72.2

848.6 4.1

4,657.5 22.7

3,758.0 18.3

899.5 4.4

199.7 1.0

167.6 0.8

32.1 0.2

20,555.6 100.0

Sep-18

Amount Share (%) Amount Share (%)

16,628.6 75.9 17,076.7 77.0

15,727.2 71.7 16,173.8 72.9

901.4 4.1 902.9 4.1

5,188.3 23.7 5,002.4 22.6

4,207.1 19.2 4,031.9 18.2

981.2 4.5 970.5 4.4

104.1 0.5 92.8 0.4

95.0 0.4 82.4 0.4

9.1 0.0 10.4 0.0

21,920.9 100.0 22,171.9 100.0

Jun-19 Sep-19

Instrument Amount Share (%) Amount Share (%) Amount Share (%)

Government securities 12,967.7 91.7 13,603.1 91.5 14,042.4 99.9

Treasury bills 2,741.7 19.4 3,075.0 20.7 2,947.8 21.0

Government stocks 252.7 1.8 252.7 1.7 252.7 1.8

Government bonds 9,973.2 70.5 10,275.3 69.1 10,841.9 77.1

Tax certificates 0.1 0.0 0.1 0.0 0.1 0.0

Non-securitized debt 1,180.0 8.3 1,260.0 8.5 18.4 0.1

Other liabilities* 18.4 0.1 18.4 0.1 18.4 0.1

Overdraft 1,161.6 8.2 1,241.7 8.4 0.0 0.0Domestic debt stock (excluding liquidity papers) 14,147.6 100.0 14,863.1 100.0 14,060.8 100.0

Sep-18 Jun-19 Sep-19

Holder

Commercial banks

Pension funds

Other

Insurance

Bank of Tanzania

BOT's special funds

Total

Amount Share (%)

5,333.5 37.7

3,679.7 26.0

1,179.4 8.3

1,220.7 8.6

2,450.3 17.3

284.0 2.0

14,147.6 100.0

Sep-18

Amount Share (%) Amount Share (%)

5,340.1 35.9 5,318.6 37.8

3,868.5 26.0 4,011.9 28.5

1,476.5 9.9 1,786.9 12.7

1,363.9 9.2 1,347.9 9.6

2,529.9 17.0 1,280.4 9.1

284.4 1.9 315.1 2.2

14,863.1 100.0 14,060.8 100.0

Jun-19 Sep-19

Amount Share (%) Amount Share (%) Amount Share (%)

Multilateral 9,564.7 46.5 9,991.6 45.6 9,735.0 43.9

DOD 9,531.3 46.4 9,966.4 45.5 9,705.0 43.8

Interest arrears 33.4 0.2 25.2 0.1 30.0 0.1

Bilateral 1,850.2 9.0 1,958.5 8.9 1,954.7 8.8

DOD 1,003.2 4.9 1,057.1 4.8 1,052.1 4.7


Commercial 6,746.8 32.8 7,459.0 34.0 8,098.5 36.5

DOD 6,371.5 31.0 6,922.8 31.6 7,514.6 33.9


Export credit 2,393.9 11.6 2,511.9 11.5 2,383.7 10.8

DOD 1,869.4 9.1 2,083.0 9.5 2,016.4 9.1


External debt stock 20,555.6 100.0 21,920.9 100.0 22,171.9 100.0

Jun-19 Sep-19

Creditor

Sep-18

10

Table 3.1: External Debt Stock by Borrower Category

Millions of US


In terms of creditors profile, debt owed to multilateral institutions continued to hold the largest share of external debt by accounting for 43.9 percent, followed by commercial debt at 36.5 percent (Table 3.2).

Table 3.2: External Debt Stock by Creditor Category

Millions of USD


Debt worth USD 1,040.5 million was disbursed during the quarter ending September 2019, of which USD 960.1 million was received by the central government for public investment projects and balance by private sector. Cumulative disbursements from October 2018 to September 2019 amounted to USD 2,314.2 million, of which about 92.8 percent was received by the central million was principal repayment and the balance was interest payment. Cumulative debt service payments amounted to USD 1,325.0 million, of

which USD 1,018.8 million was principal repayment.

Stock of domestic debt was TZS 14,060.8 billion at the end of September 2019, a decrease of TZS 802.3 billion and TZS 86.8 billion from the end of the preceding quarter and corresponding quarter of 2018, respectively. The decrease was on account of net debt repayment, particularly clearance of government overdraft with the Bank of Tanzania. Long-term debt instruments (Treasury bonds and stocks) constituted the largest share of the debt, accounted for 78.9 percent (Table 3.3).

Table 3.3: Government Domestic Debt by Instrument

Billions of TZS

Source: Ministry of Finance and Planning, and Bank of TanzaniaNote: * includes NMB bank Plc standard loan and duty drawback

Regarding structure of domestic debt stock by creditor, commercial banks sustained dominance, followed by pension funds (Table 3.4).

Table 3.4: Government Domestic Debt by Holder Category

Billions of TZS


Debt securities issued for budgetary financing during the quarter ending September 2019 amounted to TZS 1,461.8 billion, of which TZS 622.9 billion was Treasury bills and TZS 838.9

billion was Treasury bonds. For the year ending September 2019 debt securities issued amounted to TZS 4,786.2 billion, of which 61.4 percent was Treasury bills and the balance was Treasury bonds. Debt which fell due, excluding overdraft payments, amounted to TZS 1,201.4 billion compared with TZS 1,079.5 billion in the preceding quarter. The principal amount of TZS 886.7 billion was rolled over, while interest component of TZS 314.7 billion was paid out. Debt service from October 2018 to September 2019 was TZS 4,911.6 billion, of which TZS 3,620.5 billion was principal repayment.

11

4.0 EXTERNAL SECTOR PERFORMANCE

During the quarter ending September 2019, the overall balance of payments improved to a surplus of USD 960.7 million compared to a deficit of USD 67.7 million in the corresponding quarter of 2018. This was partly driven by improvement in the current account, to a deficit of USD 108.8 million from USD 659.7 million, owing to higher exports which more than offset increase in imports.

Gross official foreign reserves amounted to USD 5,306.5 million at the end of September 2019 compared with USD 5,437.1 million in September 2018. The reserves were equivalent to 6.1 months of projected imports of goods and services. The import cover was above the country, EAC and SADC benchmarks of not less than 4.0, 4.5 and 6 months, respectively.

Table 4.1: Current Account Millions of USD

Source: Tanzania Revenue Authority, Bank of Tanzania, banks, and Bank of Tanzania computationsNote: * includes adjustments for informal cross boarder exports; p denotes provisional data; ‘---‘ denotes change that exceed 100 percent; p, provisional data; and o/w, of which

Export of goods amounted to USD 1,582.8 million in quarter ending September 2019, about 48.5 percent higher than in the corresponding quarter

Percentage change

Item Sep-18 Jun-19 Sep-19P Sep-18 to Sep-19

Goods account (net) -1,111.2 -1,091.2 -755.8 -32.0

Exports* 1,065.5 1,047.7 1,582.8 48.5

Imports 2,176.7 2,138.9 2,338.6 7.4

Services account (net) 549.4 386.6 700.1 27.4

Receipts 1,087.0 876.3 1,193.1 9.8

Payments 537.6 489.7 493.1 -8.3

Goods and services (net) -561.8 -704.6 -55.7 -90.1

Exports of goods and services 2,152.5 1,924.0 2,775.9 29.0

Imports of goods and services 2,714.3 2,628.6 2,831.6 4.3

Primary income account (net) -185.9 -220.9 -172.9 -7.0

Receipts 39.8 49.2 50.5 27.0

Payments 225.7 270.1 223.4 -1.0

Secondary income account (net) 88.0 109.4 119.9 36.3

Inflows 104.8 94.3 106.9 2.0

o/w Official transfers 13.3 1.0 3.6 -73.3

Outflows 16.9 -15.1 -13.0 ---

Current account balance -659.7 -816.1 -108.8 -83.5

Quarter ending

of 2018 (Table 4.1). Both traditional and non-traditional goods exports improved. Traditional goods exports increased by 36.3 percent to USD 180.7 million, driven mostly by export of cashew nuts. Non-traditional exports increased to USD 1,258.2 million from USD 836.1 million, dominated by minerals, particularly gold, and manufactured goods.

Import of goods grew by 7.4 percent to USD 2,338.6 million in the quarter ending September 2019, compared with corresponding quarter previous year, driven mostly by intermediate goods, particularly machinery, building and construction equipment, and petroleum products (Table 4.2). These were associated with increase in investment by government and private sector.

Table 4.2: Goods Imports Millions of USD

Source: Tanzania Revenue Authority and Bank of Tanzania computationsNotes: * includes pharmaceutical products, paper products, plastic items, optical/photographic materials, and textile apparels; and p denotes provisional data

Services account balance improved to a surplus of USD 700.1 million in the quarter ending September 2019 from a surplus of USD 549.4 million in the corresponding quarter of 2018, owing to an increase in receipts (Table 4.3).

Primary income account, which comprises income from capital related transactions and

Percentage change


Capital goods 987.3 885.6 1,008.2 2.1

Transport equipment 435.5 203.9 302.4 -30.6

Building and construction equipment 217.5 235.8 280.1 28.8

Machinery 334.3 446.0 425.7 27.3

Intermediate goods 650.3 725.2 717.1 10.3

Oil 406.6 492.6 465.2 14.4

Fertilizers 65.8 36.1 45.0 -31.5

Industrial raw materials 177.9 196.5 206.9 16.3

Consumer goods 539.1 528.1 613.3 13.8

Food and foodstuff 48.7 58.3 55.0 12.9

All other consumer goods 490.4 469.8 558.3 13.9

Grand total 2,176.7 2,138.9 2,338.6 7.4

Quarter ending

compensation of employees, registered a deficit of USD 172.9 million compared with the deficit of USD 185.9 million in the quarter ending September 2018. Narrowing of the deficit was on account of increase in interest receipts from overseas investments and compensation to Tanzanians working abroad, coupled with a decrease in interest payment (Table 4.3).

Table 4.3: Service and Income Accounts Millions of USD

Source: Banks, non-financial Institutions, and Bank of Tanzania Notes: p denotes provisional data

World Commodity Prices

During the quarter ending September 2019, average world market prices of selected commodities were lower than in the previous quarter, save for gold, arabica coffee and sisal (Table 4.4). Gold price rose following higher demand from investors due to weak interest rates and economic data from the euro zone that stoked global recession fears, increasing geopolitical risks, and no trade agreement between the USA and China. Meanwhile, the increase in price of robusta coffee was attributed to weak global supply. Price of oil declined largely on account of lower global demand.

12

During the quarter ending September 2019, the overall balance of payments improved to a surplus of USD 960.7 million compared to a deficit of USD 67.7 million in the corresponding quarter of 2018. This was partly driven by improvement in the current account, to a deficit of USD 108.8 million from USD 659.7 million, owing to higher exports which more than offset increase in imports.

Gross official foreign reserves amounted to USD 5,306.5 million at the end of September 2019 compared with USD 5,437.1 million in September 2018. The reserves were equivalent to 6.1 months of projected imports of goods and services. The import cover was above the country, EAC and SADC benchmarks of not less than 4.0, 4.5 and 6 months, respectively.

Table 4.1: Current Account Millions of USD

Source: Tanzania Revenue Authority, Bank of Tanzania, banks, and Bank of Tanzania computationsNote: * includes adjustments for informal cross boarder exports; p denotes provisional data; ‘---‘ denotes change that exceed 100 percent; p, provisional data; and o/w, of which

Export of goods amounted to USD 1,582.8 million in quarter ending September 2019, about 48.5 percent higher than in the corresponding quarter

of 2018 (Table 4.1). Both traditional and non-traditional goods exports improved. Traditional goods exports increased by 36.3 percent to USD 180.7 million, driven mostly by export of cashew nuts. Non-traditional exports increased to USD 1,258.2 million from USD 836.1 million, dominated by minerals, particularly gold, and manufactured goods.

Import of goods grew by 7.4 percent to USD 2,338.6 million in the quarter ending September 2019, compared with corresponding quarter previous year, driven mostly by intermediate goods, particularly machinery, building and construction equipment, and petroleum products (Table 4.2). These were associated with increase in investment by government and private sector.

Table 4.2: Goods Imports Millions of USD

Source: Tanzania Revenue Authority and Bank of Tanzania computationsNotes: * includes pharmaceutical products, paper products, plastic items, optical/photographic materials, and textile apparels; and p denotes provisional data

Services account balance improved to a surplus of USD 700.1 million in the quarter ending September 2019 from a surplus of USD 549.4 million in the corresponding quarter of 2018, owing to an increase in receipts (Table 4.3).

Primary income account, which comprises income from capital related transactions and

Table 4.4: World Commodity Prices

Source: www.worldbank.org/en/research/commodity- markets, Bloomberg and Tanzania Sisal Board Note: * denotes average spot price of Brent, Dubai and West Texas Intermediate; ** f.o.b. Dubai; oz t, troy ounce; and UG, under grade

Percentage change


Services account (net) 549.4 386.6 700.1 27.4

Receipt 1,087.0 876.3 1,193.1 9.8

Payment 537.6 489.7 493.1 -8.3

Primary Income account (net) -185.9 -220.9 -172.9 -7.0

Receipt 39.8 49.2 50.5 27.0

Payment 225.7 270.1 223.4 -1.0

o/w interest 45.8 83.6 36.8 -19.6

Quarter ending

Commodity Unit Sep-18 Jun-19 Sep-19

Crude oil* USD per barrel 73.04 65.06 59.73 -8.9 -22.3

Crude oil** USD per barrel 73.96 67.03 60.89 -10.1 -21.5

White products USD per tonne 699.57 634.97 545.57 -16.4 -28.2

Gold USD per oz t 1,212.60 1,309.55 1,474.63 11.2 17.8

Robusta coffee USD per kg 1.78 1.61 1.58 -1.6 -12.3

Arabica coffee USD per kg 2.77 2.73 2.87 4.9 3.5

Cotton "A Index" USD per kg 2.07 1.80 1.60 -12.6 -29.2

Cloves USD per kg 7.91 6.88 5.87 -17.2 -34.7

Sisal (UG) USD per kg 1.70 1.70 1.70 0.0 0.0

Wheat USD per tonne 222.42 201.72 188.98 -6.7 -17.7

Maize USD per tonne 157.88 175.88 170.09 -3.4 7.2

Percentage changeQuarter ending (Three-month average) Jun-19 to

Sep-19Sep-18 to

Sep-19

compensation of employees, registered a deficit of USD 172.9 million compared with the deficit of USD 185.9 million in the quarter ending September 2018. Narrowing of the deficit was on account of increase in interest receipts from overseas investments and compensation to Tanzanians working abroad, coupled with a decrease in interest payment (Table 4.3).

Table 4.3: Service and Income Accounts Millions of USD

Source: Banks, non-financial Institutions, and Bank of Tanzania Notes: p denotes provisional data

World Commodity Prices

During the quarter ending September 2019, average world market prices of selected commodities were lower than in the previous quarter, save for gold, arabica coffee and sisal (Table 4.4). Gold price rose following higher demand from investors due to weak interest rates and economic data from the euro zone that stoked global recession fears, increasing geopolitical risks, and no trade agreement between the USA and China. Meanwhile, the increase in price of robusta coffee was attributed to weak global supply. Price of oil declined largely on account of lower global demand.

13

5.0 ECONOMIC DEVELOPMENTS IN ZANZIBAR

Gross Domestic Product5

During the quarter ending June 2019, Zanzibar economy grew by 2.2 percent, lower than 4.6 percent recorded in the corresponding quarter of 2018, owing to a contraction in accommodation and food services, mining and quarrying, transport and storage, and crop sub-activities (Chart 5.1 and Chart 5.2a). Main drivers of growth were manufacturing, wholesale and trade, real estate, information and communication, and fishing sub-activities (Chart 5.2b). Livestock sub-activity recorded the fastest growth following increase in the number of slaughtered cattle.

Chart 5.1: Year-on-Year Real GDP Growth Rates

Percent

Source: Office of Chief Government Statistician, Zanzibar and Bank of Tanzania computations

7.0

8.2

10.2

4.6

2.0

2015 2016 2017 2018 2019

Quarter ending June

Chart 5.2a: Year-on-Year Growth by Major Economic Activities

Percent

Source: Office of Chief Government Statistician, Zanzibar and Bank of Tanzania computations Note: Q denotes quarter

-4.6

-2.8

-1.9

0.3

0.4

0.6

6.4

7.8

8.7

9.2

17.8

Crops

Accommodation and food services

Public administration

Construction

Manufacturing

Fishing

Real Estate


Livestock

Wholesale and retail trade

Information and communication

2018Q2

-16.3

-7.7

-1.7

0.0

1.4

4.7

6.6

11.2

11.7

20.2

20.3



Crops


Construction

Fishing

Real Estate

Manufacturing



Livestock

2019Q2

5Statistics for the quarter ending September 2019 were not available at the time of publishing this report.

14

Chart 5.2b: Contribution to Real GDP Growth by Major Economic Activities

Percent

Source: Office of Chief Government Statistician, Zanzibar and Bank of Tanzania computations Note: Q denotes quarter

Procurement of Cloves and Seaweeds Cloves procured during the quarter ending September 2019 increased to 561.2 tonnes from 104.6 tonnes in the similar quarter in 2018. Conversely, the volume of seaweeds procured declined to 1,892 tonnes from 2,543.3 tonnes in the corresponding quarter of 2018, largely owing to unfavorable weather conditions. Chart 5.3 presents volume of cloves and seaweeds procured in the past ten quarters.

-36.4

-24.1

-0.6

0.1

2.4

6.2

6.7

7.8

9.0

18.1

19.6

Construction



Crops

Financial and nsurance


Fishing

Real Estate

Transport and storage

Manufacturing


2018 Q2

-40.7

-7.4

-7.0

-0.7

0.1

5.3

11.5

16.2

16.7

39.4

42.9


Transport and storage

Crops

Financial and insurance


Construction

Fishing


Real Estate


Manufacturing

2019 Q2

Chart 5.3: Procurement of Cloves and Seaweeds

Tonnes

Source: Office of Chief Government Statistician, Zanzibar Notes: Q denotes quarter

Tourism

The number of tourist arrivals during the quarter ending September 2019 rose by 10.0 percent from the number recorded in the quarter ending September 2018 to 174,057 (Chart 5.4). Tourists from Europe continued to dominate the market at 62.5 percent, followed by USA (14.7 percent). The number of tourists from Africa, particularly from Kenya and South Africa, continued to grow, from 4,758 in the quarter ending September 2018 to 6,486.

2,265.6

5,790.7

452.1 63.8 104.6 54.7 32.1 19.9

561.2

Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q32017 2018 2019

Cloves

1,670.7 1,398.6 1,413.9

2,244.8

2,543.3

1,562.6

3,036.5 2,925.0

1,892.0

Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q32017 2018 2019

Seaweeds

15

Chart 5.4: Number of Tourist Arrivals

Source: Office of Chief Government Statistician, Zanzibar Notes: Q denotes quarter

Inflation

Twelve-month headline inflation was low, averaging 2.2 percent during the quarter ending September 2019 compared with 2.9 percent in preceding quarter (Table 5.1). The moderation in inflation was mainly associated with a decline in prices of food items and some non-food items, particularly kerosene, diesel and petrol. Food inflation eased to 1.7 percent from 2.7 percent, driven by moderation in prices of fish, rice and yellow cooking bananas.

Table 5.1: Quarterly Average InflationBase: Jan 2017 = 100

Source: Office of Chief Government Statistician, Zanzibar

Main groups Sep-18 Jun-19 Sep-19P

Food and non-alcoholic beverages 43.6 1.3 2.7 1.7

Alcoholic beverages, tobacco and narcotics 0.2 3.9 6.6 21.6

Clothing and footwear 6.9 1.7 1.3 1.5Housing, water, electricity, gas and other fuels 18.4 5.0 1.3 -1.1

Furnishing, household equipment and routine household maintenance 5.5 13.3 2.9 2.6

Health 2.1 2.5 3.7 7.2

Transport 9.6 13.7 1.8 1.9

Communication 4.2 -0.9 14.8 15.8

Recreation and culture 1.3 4.7 3.1 4.7

Education 1.9 5.4 4.2 4.1

Restaurants and hotels 3.9 -1.4 4.1 6.6

Miscellaneous goods and services 2.3 2.4 4.4 4.9

All Items 100.0 3.7 2.9 2.2

Other selected groups:

Food 42.7 1.3 2.7 1.7

Non-food 57.3 5.7 3.0 2.6

Quarter ending

Weights

Government Budgetary Operations

Government resources amounted to TZS 210.3 billion, of which TZS 197.7 billion was revenue collections and the balance was grants (Chart 5.5). Tax revenue amounted to TZS 177.3 billion, equivalent to 85.4 percent of the target for the quarter, while grants increased by more than two-fold to TZS 12.7 billion.

Chart 5.5: Government Revenue by Source, Quarter Ending September

Billions of TZS

Source: Ministry of Finance and Planning, Zanzibar

Government expenditure amounted to TZS 291.8 billion, of which TZS 222.0 billion was recurrent expenditure and TZS 69.8 billion was expenditure on development projects (Chart 5.6). Local financing to development projects accounted for 30.5 percent of development expenditure and the balance was foreign financing. Fiscal deficit after grants was TZS 35.8 billion, which was financed through borrowing from foreign sources and domestic borrowing from Zanzibar Social Security Fund (ZSSF).

47.3 43.1

37.3

30.1

17.8

4.9

55.0

47.9

39.7 34.7

20.4

12.7

Other taxes VAT andexcise duties

(local)

Tax on imports Income tax Non-taxrevenue

Grants

2018 2019

131,948 131,187 138,944

77,028

158,275 142,337

129,989

72,487

174,057

Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q32017 2018 2019

16

Chart 5.6: Government Expenditure, Quarter Ending September

Billions of TZS

Source: Ministry of Finance and Planning, Zanzibar

Zanzibar Debt

Zanzibar debt stock increased to TZS 800.3 billion at the end of September 2019 from TZS 469.6 billion in the corresponding period of 2018, owing to new disbursements, depreciation of Tanzania shilling against the currencies in which the external debt is denominated and reconciliation between the two Governments—Revolutionary Government of Zanzibar and the Government of the United Republic of Tanzania. External debt was TZS 659.3 billion, equivalent to USD 288.0 million, and the balance was domestic debt.

The structure of external debt in terms of creditor category remained almost as in the preceding quarters, with debt owed to multilateral institutions and bilateral creditors accounting for the largest share of 65.4 percent and 24.0 percent, respectively. In terms of maturity profile, the structure also was unchanged, dominated by debt maturing above 20 years, equivalent to 53.3 percent of the debt stock (Table 5.2).

Maturity Sep-18 Jun-19 Sep -19PJun-19 to Sep-19

Sep-18 to Sep-19

Less than 10 Years 39.5 65.5 52.9 18.4 -19.3 33.9

Between 10-20 Years 20.1 75.2 75.5 26.2 0.4 ---

Above 20 Years 99.0 153.4 159.6 53.3 4.0 61.2

External debt 158.6 294.1 288.0 100.0 -2.1 81.6

Pecentage changePercentage share

Sep-19

Quarter ending

81.1

99.1

43.2

91.2

130.8

69.8

Wages and salaries Other recurrent expenditure Development expenditure

2018 2019

Table 5.2: External Debt by MaturityMillions of USD

Source: Ministry of Finance and Planning, ZanzibarNote: p denotes provisional data; and “---”, a change that exceeds100 percent

Major beneficiaries of the external debt were transport and telecommunications, health and education, and water and sanitation activities, all together accounting for 88.0 percent of the disbursed outstanding external debt.

Domestic debt stock increased to TZS 141.0 billion at the end of September 2019 from TZS 108.8 billion at the end of September 2018 due to new loan disbursement by Zanzibar Social Security Fund (ZSSF) in August 2019. Treasury Bonds continued to dominate, representing 76.7 percent of domestic debt (Table 5.3). Debt maturing between 2 and 10 years remained dominant, followed by debt maturing after 10 years (Table 5.4)

Table 5.3: Domestic Debt by Instruments Millions of TZS

Source: Ministry of Finance and Planning, ZanzibarNote: p denotes provisional data; and N/A, not applicable

Table 5.4: Domestic Debt by MaturityMillions of TZS

Source: Ministry of Finance and Planning, ZanzibarNote: p denoted provisional data; and N/A, not applicable

Sep-18 Jun-19 Sep -19PJun-19 to Sep-19

Sep-18 to Sep-19

Public institutions 27,907.3 25,218.0 32,865.8 23.3 30.3 17.8

Treasury bonds 80,259.2 108,148.3 108,148.3 76.7 0.0 34.7

Domestic debt stock 108,166.5 133,366.3 141,014.1 100.0 5.7 30.4

Instrument

Quarter ending Parecentage share Sep-19

Pecentage change

Sep-18 Jun-19 Sep -19PJun-19 to Sep-19

Sep-18 to Sep-19

Less than 1 year 0.0 0.0 13,943.0 9.9 N/A N/A

Between 2-10 years 96,010.2 110,789.8 95,494.6 67.7 -13.8 -0.5

Above 10 years 0.0 22,576.5 31,576.5 22.4 39.9 N/A

Undetermined* 12,810.4 0.0 0.0 0.0 N/A -100.0

Domestic debt stock 108,820.7 133,366.3 141,014.1 100.0 5.7 29.6

Quarter ending Parecentage share Sep-19

Percentage change

Maturity

17

External Sector Performance

During the quarter ending September 2019, current account balance recorded a deficit of USD 25.3 million, compared with a deficit of USD 16.4 million in the corresponding quarter in 2018, mainly due to increase in imports of goods and services by 46.6 percent (Table 5.5).

Table 5.5: Current Account BalanceMillions of USD

Source: Tanzania Revenue Authority and Bank of Tanzania computationsNote: p denoted provisional data; fob, free on board; and “---”, a change that exceeds100 percent

Export of goods and services amounted to USD 63.2 million in the quarter ending September 2019, higher than USD 47.8 in the corresponding period in 2018. Export of goods increased to USD 3.6 million from USD 2.5 million, largely driven by cloves and seaweed exports, which are the major goods exports (Table 5.6). Foreign exchange earnings from services increased by 31.6 percent to USD 59.6 million. Imports of goods (f.o.b) and services increased by 19.8 percent to USD 65.3 million, reflected mostly in consumer and intermediate goods (Table 5.7)

Sep-18 Jun-19 Sep-19PJun-19 to Sep-19

Sep-18 to Sep-19

Goods account net -52.0 -54.3 -61.7 13.7 18.6

Exports 2.5 4.1 3.6 -12.7 44.0

Imports (fob) 54.5 58.4 65.3 11.8 19.8

Services account net 28.2 17.0 19.9 17.1 -29.5

Receipts 45.3 36.7 59.6 62.4 31.6

Payments 17.1 19.7 39.7 --- ---

Goods and services net -23.8 -37.3 -41.8 12.1 75.5

Exports of goods and services 47.8 40.8 63.2 54.8 32.2

Imports of goods and services 71.6 78.1 105.0 34.4 46.6

Income account net 1.5 2.3 2.7 18.0 81.6

Receipts 3.8 3.3 4.7 39.9 23.2

Payments 2.3 1.0 1.9 89.5 -15.3

Current transfers net 6.0 2.9 13.8 --- ---

Inflows 6.6 8.0 23.5 --- ---

Outflows 0.6 5.2 9.7 87.6 ---

Current account balance -16.4 -32.1 -25.3 -21.2 54.7

Percentage changeQuarter ending

Table 5.6: Goods Export Performance

Source: Tanzania Revenue Authority and Bank of Tanzania computationsNote: Other exports include mainly souvenirs and spices; p denoted provisional data; N/A, not applicable; and “---“, the change exceeds 100 percent

Table 5.7: Goods Imports by Major CategoriesMillions of USD

Source: Tanzania Revenue Authority and Bank of Tanzania computationsNote: p denoted provisional data; f.o.b, free on board; c.i.f, cost, insurance and freight; and food and food stuffs comprise of rice, wheat and sugar

Import Category Sep-18 Jun-19 Sep-19PJun-19 to Sep-19

Sep-18 to Sep-19

Capital goods 15.1 11.6 14.6 26.1 -3.3

Transport equipments 4.9 3.6 4.8 33.9 -2.5

Building and constructions 3.7 3.4 4.1 19.0 9.6

Machinery 6.5 4.6 5.7 25.4 -11.3

Intermediate goods 26.4 31.1 27.6 -11.3 4.6

Oil imports 17.7 21.1 23.7 12.6 34.1

Industrial raw materials 8.7 10.0 3.9 -61.5 -55.5

Consumer goods 18.5 21.5 29.6 37.6 60.1

Food and food stuffs 8.9 12.5 14.6 17.1 65.5

All other consumer goods 9.6 9.0 14.9 66.2 55.2

Grand total (c.i.f.) 59.9 64.2 71.8 11.8 19.8

Grand total (f.o.b.) 54.5 58.4 65.3 11.8 19.8


Item Sep-18 Jun-19 Sep-19PJun-19 to Sep-19

Sep-18 to Sep-19

Traditional exports:

Cloves

Value Thousands of USD 0.0 1,224.0 1,088.0 -11.1 N/A

Volume '000' Tonnes 0.0 0.2 0.2 -11.1 N/A

Unit Price USD/Tonne 0.0 6,800.0 6,800.0 0.0 N/A

Non-traditional exports:

Seaweeds

Value Thousands of USD 926.4 1,072.2 1,252.6 16.8 35.2

Volume '000' Tonnes 2.2 2.2 1.8 -18.1 -18.9

Unit Price USD/Tonne 413.8 548.2 690.2 25.9 66.8

Manufactured goods Thousands of USD 1,185.3 1,396.2 863.1 -38.2 -27.2

Fish and fish products Thousands of USD 186.0 305.5 273.8 -10.4 47.2

Other exports Thousands of USD 197.0 116.0 115.3 -0.5 -41.4

Sub total Thousands of USD 2,494.7 2,889.9 2,504.9 -13.3 0.4

Grand total Thousands of USD 2,494.7 4,113.9 3,592.9 -12.7 44.0


18

Inflation rates in EAC countries were low and below the convergence criteria of not more than 8.0 percent. Specifically, annual inflation averaged 1.7 percent during the quarter ending September 2019 compared with 2.1 percent in the preceding quarter and 2.0 percent in the similar quarter of 2018 (Table 6.1). In SADC countries, headline inflation rose to 44.7 percent in the quarter ending September 2019 from 13.6 percent and 5.8 percent in the previous quarter and corresponding quarter of 2018. The highest inflation was in Zimbabwe at 519 percent, mainly due to rise in prices of food (Table 6.1). With exception of Angola, Lesotho, Mozambique, Namibia and South Africa, the SADC countries experienced increases in inflation. In Tanzania, Seychelles, and Malawi inflation rose, albeit slightly, due to food prices. In Mauritius, apart from food, the increase was due to a rise cost of hotels, restaurants and non-alcoholic beverages. Inflation eased in Mozambique on account of a decline in the cost of housing and utilities.

Sep-18 Dec-18 Mar-19 Jun-19 Sep-19

Tanzania 3.3 3.2 3.0 3.5 3.6

Other EAC countries:

Kenya 4.2 5.6 4.4 5.9 5.0

Uganda 3.5 2.7 2.9 3.4 2.2

Burundi -2.9 7.9 4.0 -2.3 -4.6

Rwanda 2.0 0.2 0.9 0.2 2.1

Other SADC countries:

Angola 19.7 18.6 17.9 17.1 16.9

Botswana 3.0 3.8 3.4 2.6 2.9

Lesotho 3.8 5.5 5.3 5.7 5.3

Malawi 9.3 9.9 8.7 9.0 9.4

Mauritius 1.5 1.8 -0.6 0.7 1.3

Mozambique 4.9 5.3 3.6 2.7 2.1

Namibia 4.6 5.1 4.5 4.2 3.5

Seychelles 3.1 3.4 2.1 0.1 1.6

South Africa 5.0 5.2 4.2 4.5 4.2

Eswatini 4.9 5.3 5.1 1.7 1.9

Zambia 7.9 7.9 7.7 8.1 9.5

Zimbabwe 4.8 31.3 61.0 116.5 519.0

EAC average 2.0 3.9 3.0 2.1 1.7

SADC average 5.8 8.2 9.7 13.6 44.7

Country

Quarter ending

Table 6.1: EAC and SADC Inflation Percent

Source: National statistics offices of the respective countries; and IMF World Economic Outlook

6.0 REGIONAL ECONOMIC DEVELOPMENTS

19

7.0 STATISTICAL TABLES AND MANAGEMENT LIST

20

A1: STATISTICAL TABLESTable A1: Selected Economic Indicators ....................................................................................... 22

1.0 Output and Prices Table 1.1: Gross Domestic Product by Economic Activity at Current Prices, Tanzania Mainland ...... 23Table 1.2: Gross Domestic Product by Economic Activity at Current Prices, Zanzibar....................... 24Table 1.3: Gross Domestic Product (GDP) by Economic Activity, Percentage Share in Total GDP at Current Prices, Tanzania Mainland ...................................................................... 25Table 1.4: Gross Domestic Product (GDP) by Economic Activity, Percentage Share in Total GDP at Current Prices, Zanzibar ........................................................................................ 26Table 1.5: Gross Domestic Product by Economic Activity at Constant 2015 Prices, Tanzania Mainland.............................................................................................................. 27Table 1.6: Gross Domestic Product by Economic Activity at Constant 2015 Prices, Zanzibar ........... 28Table 1.7: Gross Domestic Product by Economic Activity, Percentage Growth Rates at Constant 2015 Prices, Tanzania Mainland ......................................................................... 29Table 1.8: Gross Domestic Product by Economic Activity, Percentage Growth Rates at Constant 2015 Prices, Zanzibar ......................................................................................... 30Table 1.9: Production of Major Agricultural Crops, Tanzania Mainland ............................................... 31Table 1.10: Production of Major Export Crops, Zanzibar .................................................................... 31Table 1.11: Production of Selected Industrial Products, Tanzania Mainland....................................... 32Table 1.12: Production of Selected Industrial Products, Zanzibar ...................................................... 32Table 1.13: Industrial Production Indices, Tanzania Mainland ............................................................ 33Table 1.14: Mineral Recoveries, Tanzania Mainland .......................................................................... 33Table 1.15 (i): National Consumer Price Index (Urban and Rural) - Main Groups ............................. 34Table 1.15 (ii): National Consumer Price Index (Urban and Rural) - Other Selected Groups ............ 35Table 1.16: Zanzibar Consumer Price Index ...................................................................................... 36Table 1.17 (i): National Consumer Price Index (Urban and Rural), Twelve Months Percentage Change - Main Groups ................................................................................................. 37Table 1.17 (ii): National Consumer Price Index (Urban and Rural), Twelve Months Percentage Change - Other selected groups ................................................................................. 38Table 1.18: Zanzibar Consumer Price Index, Twelve Months Percentage Change ............................ 39

2.0 Government FinanceTable 2.1: United Republic of Tanzania Government Budgetary Operations ...................................... 40Table 2.2: Zanzibar Government Budgetary Operations ..................................................................... 41Table 2.3: Outstanding Treasury Bills by Investor .............................................................................. 42Table 2.4: Central Government Outstanding Stocks, Bonds and Notes by Holder ............................ 43

3.0 Money and BankingTable 3.1: Depository Corporations Survey ........................................................................................ 44Table 3.2: Bank of Tanzania Assets .................................................................................................... 45Table 3.3: Bank of Tanzania Liabilities................................................................................................. 46Table 3.4: Tanzania Notes in Circulation ............................................................................................. 47Table 3.5: Tanzania Coins in Circulation/1 .......................................................................................... 48Table 3.6: Commercial Banks Assets ................................................................................................. 49

Table 3.7: Commercial Banks Liabilities ............................................................................................. 50Table 3.8: Commercial Banks Domestic Assets ................................................................................. 51Table 3.9: Commercial Banks Domestic Lending and Holding of Securities ...................................... 52Table 3.10: Commercial Banks Domestic Lending by Economic Activity ........................................... 53Table 3.11: Commercial Banks Deposits ............................................................................................ 54Table 3.12: Interest Rates Structure, Weighted Average .................................................................... 55

4.0 Balance of Payments and Foreign Trade DevelopmentsTable 4.1a: Annual Balance of Payments in US Dollar ....................................................................... 56Table 4.1b: Quarterly Balance of Payments ....................................................................................... 57Table 4.2: Annual Balance of Payments in Tanzania Shilling ............................................................. 58Table 4.3: Exports Performance by Commodity in US Dollar ............................................................. 59Table 4.4: Exports Performance by Commodity in Tanzania Shilling ................................................. 60Table 4.6: Imports (c.i.f) by Major Commodity Groups in US Dollar ................................................... 62Table 4.7: Imports (c.i.f) by Major Commodity Groups in Tanzania Shilling ....................................... 62Table 4.8: Quarterly Imports (c.i.f) by Major Commodity Groups ....................................................... 63Table 4.9: Exports by Country of Destination ..................................................................................... 64Table 4.10: Imports (c.i.f) by Country of Origin ................................................................................... 65Table 4.11: Tanzania Exports to COMESA Countries ......................................................................... 66Table 4.12: Tanzania Imports from COMESA Countries ..................................................................... 66Table 4.13: Services, Income and Transfers....................................................................................... 67Table 4.14: Foreign Reserves Position ............................................................................................... 68

5.0 National Debt DevelopmentTable 5.1: National Debt Developments ............................................................................................. 69

6.0 International Economic and Financial DevelopmentsTable 6.1: Economic Performance in G-7 Countries and the Euro Area ............................................ 70Table 6.2: World Market Prices for Selected Commodities ................................................................. 71

21

A1: STATISTICAL TABLESTable A1: Selected Economic Indicators ....................................................................................... 22

1.0 Output and Prices Table 1.1: Gross Domestic Product by Economic Activity at Current Prices, Tanzania Mainland ...... 23Table 1.2: Gross Domestic Product by Economic Activity at Current Prices, Zanzibar....................... 24Table 1.3: Gross Domestic Product (GDP) by Economic Activity, Percentage Share in Total GDP at Current Prices, Tanzania Mainland ...................................................................... 25Table 1.4: Gross Domestic Product (GDP) by Economic Activity, Percentage Share in Total GDP at Current Prices, Zanzibar ........................................................................................ 26Table 1.5: Gross Domestic Product by Economic Activity at Constant 2015 Prices, Tanzania Mainland.............................................................................................................. 27Table 1.6: Gross Domestic Product by Economic Activity at Constant 2015 Prices, Zanzibar ........... 28Table 1.7: Gross Domestic Product by Economic Activity, Percentage Growth Rates at Constant 2015 Prices, Tanzania Mainland ......................................................................... 29Table 1.8: Gross Domestic Product by Economic Activity, Percentage Growth Rates at Constant 2015 Prices, Zanzibar ......................................................................................... 30Table 1.9: Production of Major Agricultural Crops, Tanzania Mainland ............................................... 31Table 1.10: Production of Major Export Crops, Zanzibar .................................................................... 31Table 1.11: Production of Selected Industrial Products, Tanzania Mainland....................................... 32Table 1.12: Production of Selected Industrial Products, Zanzibar ...................................................... 32Table 1.13: Industrial Production Indices, Tanzania Mainland ............................................................ 33Table 1.14: Mineral Recoveries, Tanzania Mainland .......................................................................... 33Table 1.15 (i): National Consumer Price Index (Urban and Rural) - Main Groups ............................. 34Table 1.15 (ii): National Consumer Price Index (Urban and Rural) - Other Selected Groups ............ 35Table 1.16: Zanzibar Consumer Price Index ...................................................................................... 36Table 1.17 (i): National Consumer Price Index (Urban and Rural), Twelve Months Percentage Change - Main Groups ................................................................................................. 37Table 1.17 (ii): National Consumer Price Index (Urban and Rural), Twelve Months Percentage Change - Other selected groups ................................................................................. 38Table 1.18: Zanzibar Consumer Price Index, Twelve Months Percentage Change ............................ 39

2.0 Government FinanceTable 2.1: United Republic of Tanzania Government Budgetary Operations ...................................... 40Table 2.2: Zanzibar Government Budgetary Operations ..................................................................... 41Table 2.3: Outstanding Treasury Bills by Investor .............................................................................. 42Table 2.4: Central Government Outstanding Stocks, Bonds and Notes by Holder ............................ 43

3.0 Money and BankingTable 3.1: Depository Corporations Survey ........................................................................................ 44Table 3.2: Bank of Tanzania Assets .................................................................................................... 45Table 3.3: Bank of Tanzania Liabilities................................................................................................. 46Table 3.4: Tanzania Notes in Circulation ............................................................................................. 47Table 3.5: Tanzania Coins in Circulation/1 .......................................................................................... 48Table 3.6: Commercial Banks Assets ................................................................................................. 49

Table 3.7: Commercial Banks Liabilities ............................................................................................. 50Table 3.8: Commercial Banks Domestic Assets ................................................................................. 51Table 3.9: Commercial Banks Domestic Lending and Holding of Securities ...................................... 52Table 3.10: Commercial Banks Domestic Lending by Economic Activity ........................................... 53Table 3.11: Commercial Banks Deposits ............................................................................................ 54Table 3.12: Interest Rates Structure, Weighted Average .................................................................... 55

4.0 Balance of Payments and Foreign Trade DevelopmentsTable 4.1a: Annual Balance of Payments in US Dollar ....................................................................... 56Table 4.1b: Quarterly Balance of Payments ....................................................................................... 57Table 4.2: Annual Balance of Payments in Tanzania Shilling ............................................................. 58Table 4.3: Exports Performance by Commodity in US Dollar ............................................................. 59Table 4.4: Exports Performance by Commodity in Tanzania Shilling ................................................. 60Table 4.6: Imports (c.i.f) by Major Commodity Groups in US Dollar ................................................... 62Table 4.7: Imports (c.i.f) by Major Commodity Groups in Tanzania Shilling ....................................... 62Table 4.8: Quarterly Imports (c.i.f) by Major Commodity Groups ....................................................... 63Table 4.9: Exports by Country of Destination ..................................................................................... 64Table 4.10: Imports (c.i.f) by Country of Origin ................................................................................... 65Table 4.11: Tanzania Exports to COMESA Countries ......................................................................... 66Table 4.12: Tanzania Imports from COMESA Countries ..................................................................... 66Table 4.13: Services, Income and Transfers....................................................................................... 67Table 4.14: Foreign Reserves Position ............................................................................................... 68

5.0 National Debt DevelopmentTable 5.1: National Debt Developments ............................................................................................. 69

6.0 International Economic and Financial DevelopmentsTable 6.1: Economic Performance in G-7 Countries and the Euro Area ............................................ 70Table 6.2: World Market Prices for Selected Commodities ................................................................. 71

Table A1: Selected Economic Indicators

22

Unit 2014r 2015r 2016r 2017r 2018p

National accounts and prices

1.1 Change in GDP at current prices Percent 13.2 14.2 14.9 9.6 8.9

1.2 Change in GDP at constant 2015 prices Percent 6.7 6.2 6.9 6.8 7.0

1.3 GDP per capita-current prices (TZS) '000' TZS 1,778.8 1,969.0 2,191.2 2,327.4 2,461.9

1.4 GDP per capita-current prices (USD) USD 1,076.4 991.7 1,006.5 1,044.2 1,087.5

1.5 Change in consumer price index (Inflation) Percent 6.1 5.6 5.2 5.3 3.5

1.6 Saving to GNDI ratio Percent 23.5 24.4 29.4 29.7 30.3

Money, credit and interest rates

2.1 Change in extended broad money supply (M3) Percent 15.6 18.8 3.4 8.0 4.5

2.2 Change in broad money supply (M2) Percent 17.0 13.4 5.3 10.4 3.8

2.3 Change in narrow money supply (M1) Percent 14.8 15.6 5.3 10.6 5.1

2.4 Change in reserve money (M0) Percent 17.5 15.6 0.3 1.5 0.62.5 Total credit to GDP ratio1 Percent 19.4 21.6 19.3 17.0 17.22.6 Non-government sector credit to GDP ratio1 Percent 15.0 16.4 15.3 14.2 13.7

2.7 Ratio of credit to non-government sector to total credit Percent 77.3 76.0 79.5 83.8 79.82.8 12-Months deposit rate2 Percent 10.8 10.8 11.5 11.7 8.82.9 Overall treasury bill rate2 Percent 13.6 12.9 16.2 11.1 6.42.10 Long-term lending rate (3-5 years)2 Percent 16.2 15.3 15.6 17.9 17.4

Balance of payments

3.1 Exports of goods (f.o.b) Mill. USD 5,194.1 5,316.8 4,949.7 4,523.9 4,379.6

3.2 Imports of goods (f.o.b) Mill. USD -10,917.8 -9,843.1 -8,463.6 -7,551.7 -7,752.0

3.3 Trade balance Mill. USD -5,723.7 -4,526.3 -3,513.9 -3,027.8 -3,372.4

3.4 Current account balance Mill. USD -5,028.2 -3,987.4 -2,664.7 -1,813.9 -1,890.3

3.5 Overall balance Mill. USD 251.8 199.1 -305.5 -1,669.6 784.0

3.6 Gross official reserves Mill. USD 4,377.2 4,093.7 4,325.6 5,900.3 5,044.6

3.7 Reserves months of imports (of goods and services)

(excluding FDI related imports) Months 4.7 4.9 5.9 7.5 5.7

3.8 Exchange rate:

Annual average TZS/USD 1,652.5 1,985.4 2,177.1 2,228.9 2,263.8

End of period TZS/USD 1,725.8 2,148.5 2,172.6 2,230.1 2,281.2

2014/15 2015/16 2016/17 2017/18 2018/19

Public finance4.1 Current revenue to GDP ratio1 Percent 12.4 13.7 14.7 14.6 13.84.2 Grants to GDP ratio1 Percent 1.2 0.5 1.0 0.8 0.34.3 Current expenditure to GDP ratio1 Percent 12.3 13.2 10.2 10.4 10.34.4 Development expenditure to GDP ratio1 Percent 4.2 4.3 6.4 6.2 6.44.5 Overall Budget balance to GDP ratio1,3 Percent -3.2 -3.4 -1.4 -1.9 -3.1

Total external debt stock Mill. USD 15,884.0 17,222.8 18,651.1 20,503.0 21,920.9

5.1 Disbursed debt Mill. USD 14,548.3 15,948.1 17,251.2 18,765.1 20,029.3

5.2 Interest Arrears Mill. USD 1,335.7 1,274.7 1,399.9 1,737.9 1,891.7Source: Ministry of Finance and Planning; Bank of Tanzania; and Tanzania Revenue Authority

Note: 1 Calculated on the basis of GDP at current market prices; 2 annual average; 3 includes grants, expenditure float, adjustment to cash and other items (net); GDP

denotes gross domestic product; GNDI, gross national disposable income; r, revised data; and p, provisional data

23

1.0 Output and Prices

Table 1.1: Gross Domestic Product by Economic Activity at Current Prices, Tanzania Mainland Millions of TZS

Economic activity 2013 2014 2015 2016 2017 2018

A: Monetary

Gross domestic product at market prices 64,901,865.4 73,572,807.4 84,275,962.8 97,295,382.9 106,025,245.9 114,392,270.3

Agriculture, hunting and forestry 12,100,550.2 13,008,318.2 16,020,386.5 19,628,661.4 22,561,096.4 22,832,457.3

Crops 5,416,553.2 5,828,360.6 7,176,325.8 9,729,649.2 11,822,710.1 11,332,130.1

Livestock 3,944,324.6 3,866,239.8 5,160,608.4 6,322,457.2 6,877,738.5 7,101,644.5

Forestry and hunting 1,388,640.2 1,685,505.2 1,882,032.6 1,706,925.8 1,680,599.3 2,229,485.6

Fishing 1,324,549.2 1,598,212.1 1,768,534.1 1,834,768.5 2,142,031.8 2,128,620.6

Agriculture support services 26,483.1 30,000.5 32,885.5 34,860.7 38,016.7 40,576.5

Industry and construction 18,096,470.1 20,188,806.0 22,361,767.7 26,111,436.3 28,749,157.8 33,608,087.5

Mining and quarrying 3,125,480.4 3,097,933.4 4,055,619.4 5,299,362.4 5,206,217.1 6,573,058.9

Manufacturing 6,648,876.2 7,533,519.0 7,411,671.8 8,467,126.3 9,102,281.7 10,418,294.7

Electricity supply 550,300.1 818,692.8 798,801.2 472,868.3 413,350.5 348,526.7

Water supply, sewerage, and waste management 222,977.7 261,504.0 272,990.1 301,820.6 372,032.4 395,809.7

Construction 7,548,835.7 8,477,156.9 9,822,685.2 11,570,258.7 13,655,276.1 15,872,397.5

Services 29,233,863.8 33,965,475.6 38,029,229.3 42,616,618.4 44,927,267.5 47,781,987.1

Wholesale and retail trade and repairs 7,063,672.7 8,045,701.6 8,747,862.1 9,861,677.8 10,843,498.6 11,792,071.8

Transport and storage 5,246,332.6 6,167,365.6 6,929,894.9 7,549,483.6 7,897,993.1 8,381,276.3

Hotels and restaurants 1,317,190.7 1,330,370.9 1,421,916.1 1,523,035.2 1,602,543.2 1,653,791.9

Information and communication 1,433,178.7 1,598,596.9 1,681,098.0 1,739,555.8 1,829,360.1 1,948,115.7

Financial and insurance activities 2,541,197.7 3,614,990.5 4,189,021.5 5,268,866.1 4,789,631.8 4,823,649.5

Real estate 2,400,221.3 2,574,893.0 2,832,298.0 3,031,501.5 3,194,842.2 3,412,309.0

Professional, scientific and technical activities 353,037.8 433,939.2 518,122.7 617,914.3 726,706.5 817,441.6

Administrative and support service activities 1,522,883.6 1,914,455.6 2,183,917.0 2,661,977.9 3,027,383.8 3,306,553.6

Public administration and defence 3,615,291.7 3,973,787.5 4,548,604.4 4,846,491.0 4,986,287.4 5,124,667.4

Education 1,728,375.7 2,027,224.7 2,413,305.9 2,673,289.1 2,864,290.0 3,081,718.3

Human health and social work activities 1,113,563.3 1,233,076.8 1,419,089.9 1,540,484.1 1,681,353.3 1,812,292.4

Arts, entertainment and recreation 194,938.3 223,468.1 248,510.1 285,625.6 322,352.9 374,923.9

Other service activities 555,957.4 661,939.3 717,898.1 831,215.7 959,152.4 1,037,611.8

Activities of households as employers; 148,022.3 165,666.0 177,690.7 185,500.8 201,872.3 215,563.8

All economic activities 59,430,884.1 67,162,599.8 76,411,383.4 88,356,716.1 96,237,521.7 104,222,531.9

Taxes on products 5,470,981.2 6,410,207.6 7,864,579.4 8,938,666.8 9,787,724.2 10,169,738.4

B: Non- Monetary

Gross Domestic Product at market price 8,075,334.5 9,030,580.4 10,073,352.9 11,066,941.4 12,719,252.5 14,972,083.1

Agriculture, forestry and fishing 7,450,675.0 8,305,484.9 9,214,173.7 10,110,449.4 11,593,497.4 13,706,843.0

Crops 5,083,974.4 5,733,729.4 6,103,066.5 6,745,080.2 7,880,294.0 9,637,347.2

Livestock 1,634,987.3 1,718,970.8 1,997,848.2 1,882,549.4 1,980,200.4 2,749,289.7

Forestry 680,473.0 792,391.9 1,038,392.2 1,387,841.4 1,629,476.7 1,230,095.8

Fishing 51,240.3 60,392.8 74,866.9 94,978.3 103,526.3 90,110.3

Industry and construction 473,851.9 578,927.6 741,879.6 825,703.0 986,426.6 1,123,919.3

Water supply; sewerage, waste management 101,050.3 110,077.1 117,768.0 131,311.4 147,876.9 170,752.5

Construction 372,801.6 468,850.5 624,111.5 694,391.7 838,549.7 953,166.9

Services 150,807.6 146,167.9 117,299.6 130,789.0 139,328.5 141,320.7

Real estate 150,807.6 146,167.9 117,299.6 130,789.0 139,328.5 141,320.7

GDP at market prices 72,977,199.8 82,603,387.7 94,349,315.7 108,362,324.3 118,744,498.4 129,364,353.3

Population 44.8 46.0 47.4 48.7 51.0 55.8

D: Per Capita nominal GDP (TZS) 1,627,946.7 1,793,936.2 1,992,593.8 2,225,099.1 2,328,323.5 2,318,357.6Source: National Bureau of Statistics

Note: The National Bureau of Statistics has revised National Account estimates to 2015 constant prices

24


Table 1.2: Gross Domestic Product by Economic Activity at Current Prices, Zanzibar

Million of TZS

Activity 2013 2014 2015 2016 2017 2018P

Agriculture, forestry and fishing 432,023.2 475,700.0 519,718.9 603,033.4 694,698.3 778,432.0

Crops 203,625.8 212,950.6 227,704.6 256,455.8 312,784.6 315,523.2

Livestock 80,251.0 95,981.4 113,538.0 166,745.2 165,055.7 224,549.0

Forestry 34,641.5 38,671.1 41,251.0 42,627.8 51,377.8 48,401.7

Fishing 113,505.0 128,096.9 137,225.4 137,204.6 165,480.2 189,958.1

Industry 348,777.0 381,614.6 433,500.9 528,604.9 631,556.9 651,993.9

Mining and quarrying 18,092.2 19,632.5 23,463.6 28,885.7 36,289.3 42,661.5

Manufacturing 147,918.2 160,376.9 180,115.0 195,133.2 210,685.0 208,938.9

Electricity and gas 10,221.0 7,918.9 11,658.2 28,904.8 29,866.2 31,139.1

Water supply and sewerage 11,777.5 18,155.7 19,565.8 20,706.8 21,589.9 22,081.2

Construction 160,768.0 175,530.6 198,698.4 254,974.3 333,126.5 347,173.2

Services 891,171.2 1,084,991.7 1,197,783.8 1,368,142.3 1,607,442.2 1,925,157.2

Trade and repairs 140,536.1 152,001.1 162,086.3 175,084.7 198,808.4 196,188.2

Transport and storage 81,424.2 93,988.9 101,969.3 109,118.4 109,288.9 115,708.3

Accommodation and food services 266,582.9 297,840.2 331,006.3 388,084.5 473,460.4 715,258.0

Accommodation 209,246.7 236,669.3 268,136.6 318,470.5 391,075.2 581,297.7

Food and beverage services 57,336.2 61,170.9 62,869.6 69,614.0 82,385.1 133,960.3

Information and communication 27,979.0 54,301.4 52,507.0 51,159.5 37,311.6 33,871.8

Financial and insurance activities 45,334.7 62,326.7 78,575.3 90,732.9 118,509.4 140,893.6

Real estate activities 78,719.6 121,813.4 127,917.6 180,398.8 273,923.7 300,646.9

Professional, scientific and technical 1,909.3 3,117.7 3,595.5 4,285.0 4,413.3 4,851.3

Administrative and support services 20,924.9 22,000.0 25,008.0 24,936.7 28,526.3 29,528.3

Public administration 133,410.6 159,012.9 181,857.5 194,437.9 199,330.2 211,418.2

Education 43,599.7 61,196.6 69,438.5 75,266.4 80,280.9 85,010.4

Human health and social work 23,518.4 26,624.2 29,728.4 33,802.6 36,233.0 37,317.7


Other service activities 22,301.0 24,889.9 27,002.6 33,146.8 39,166.6 45,673.8

Domestic services 3,254.4 4,205.1 5,199.8 5,366.6 5,538.7 5,716.3

Less FISIM 16,185.2 20,339.3 23,938.1 31,130.3 38,955.3 41,786.3

GDP at basic prices 1,655,786.1 1,921,967.0 2,127,065.4 2,468,650.2 2,894,742.1 3,313,796.8

Taxes on products 187,518.7 225,108.2 229,891.2 278,509.8 332,305.8 354,834.0


Population in "000" 1,336.4 1,378.7 1,414.3 1,455.0 1,534.0 1,579.8

GDP per capita: "000" of TZS 1,379.4 1,557.4 1,666.5 1,888.1 2,103.7 2,322.1

Exhange rate, TZS/USD 1,599.2 1,653.3 1,997.0 2,177.2 2,228.9 2,264.0Source: Office of Chief Government Statistician, Zanzibar

Note: p denotes provisional data; and FISIM, financial intermediation services indirectly measured


Table 1.3: Gross Domestic Product (GDP) by Economic Activity, Percentage Share in Total GDP at Current Prices, Tanzania Mainland

25


A: Monetary

Gross domestic product at market prices 88.9 89.1 89.3 89.8 89.3 88.4

Agriculture, Hunting and Forestry 16.6 15.7 17.0 18.1 19.0 17.6

Crops 7.4 7.1 7.6 9.0 10.0 8.8

Livestock 5.4 4.7 5.5 5.8 5.8 5.5

Forestry and hunting 1.9 2.0 2.0 1.6 1.4 1.7

Fishing 1.8 1.9 1.9 1.7 1.8 1.6

Agriculture support services 0.0 0.0 0.0 0.0 0.0 0.0

Industry and construction 24.8 24.4 23.7 24.1 24.2 26.0

Mining and quarrying 4.3 3.8 4.3 4.9 4.4 5.1

Manufacturing 9.1 9.1 7.9 7.8 7.7 8.1

Electricity supply 0.8 1.0 0.8 0.4 0.3 0.3

Water supply, sewerage, waste management 0.3 0.3 0.3 0.3 0.3 0.3

Construction 10.3 10.3 10.4 10.7 11.5 12.3

Services 40.1 41.1 40.3 39.3 37.8 36.9

Wholesale and retail trade; repairs 9.7 9.7 9.3 9.1 9.1 9.1

Transport and storage 7.2 7.5 7.3 7.0 6.7 6.5

Hotels and restaurants 1.8 1.6 1.5 1.4 1.3 1.3

Information and communication 2.0 1.9 1.8 1.6 1.5 1.5

Financial and insurance activities 3.5 4.4 4.4 4.9 4.0 3.7

Real estate 3.3 3.1 3.0 2.8 2.7 2.6

Professional, scientific and technical activities 0.5 0.5 0.5 0.6 0.6 0.6

Administrative and support service activities 2.1 2.3 2.3 2.5 2.5 2.6

Public administration and defence 5.0 4.8 4.8 4.5 4.2 4.0

Education 2.4 2.5 2.6 2.5 2.4 2.4

Human health and social work activities 1.5 1.5 1.5 1.4 1.4 1.4

Arts, entertainment and recreation 0.3 0.3 0.3 0.3 0.3 0.3

Other service activities 0.8 0.8 0.8 0.8 0.8 0.8

Activities of households as employers; 0.2 0.2 0.2 0.2 0.2 0.2

All economic activities 81.4 81.3 81.0 81.5 81.0 80.6

Taxes on products 7.5 7.8 8.3 8.2 8.2 7.9

B: Non- Monetary

Gross Domestic Product at market price 11.1 10.9 10.7 10.2 10.7 11.6

Agriculture, forestry and fishing 10.2 10.1 9.8 9.3 9.8 10.6

Crops 7.0 6.9 6.5 6.2 6.6 7.4

Livestock 2.2 2.1 2.1 1.7 1.7 2.1

Forestry 0.9 1.0 1.1 1.3 1.4 1.0

Fishing 0.1 0.1 0.1 0.1 0.1 0.1

Industry and construction 0.6 0.7 0.8 0.8 0.8 0.9

Water supply; sewerage, waste management 0.1 0.1 0.1 0.1 0.1 0.1

Construction 0.5 0.6 0.7 0.6 0.7 0.7

Services 0.2 0.2 0.1 0.1 0.1 0.1

Real estate 0.2 0.2 0.1 0.1 0.1 0.1

GDP at market prices 100.0 100.0 100.0 100.0 100.0 100.0Source: National Bureau of Statistics


26


Table 1.4: Gross Domestic Product (GDP) by Economic Activity, Percentage Share in Total GDP at Current Prices, Zanzibar

Activity 2013 2014 2015 2016 2017 2018P


Crops 11.0 9.9 9.7 9.3 9.7 8.6

Livestock 4.4 4.5 4.8 6.1 5.1 6.1

Forestry 1.9 1.8 1.8 1.6 1.6 1.3

Fishing 6.2 6.0 5.8 5.0 5.1 5.2

Industry 18.9 17.8 18.4 19.2 19.6 17.8

Mining and quarrying 1.0 0.9 1.0 1.1 1.1 1.2

Manufacturing 8.0 7.5 7.6 7.1 6.5 5.7

Electricity and gas 0.6 0.4 0.5 1.1 0.9 0.8

Water supply and sewerage 0.6 0.8 0.8 0.8 0.7 0.6

Construction 8.7 8.2 8.4 9.3 10.3 9.5

Services 48.3 50.5 50.8 49.8 49.8 52.5

Trade and repairs 7.6 7.1 6.9 6.4 6.2 5.3


Accommodation and food services 14.5 13.9 14.0 14.1 14.7 19.5

Accommodation 11.4 11.0 11.4 11.6 12.1 15.8

Food and beverage services 3.1 2.8 2.7 2.5 2.6 3.7

Information and communication 1.5 2.5 2.2 1.9 1.2 0.9


Real estate activities 4.3 5.7 5.4 6.6 8.5 8.2

Professional, scientific and technical 0.1 0.1 0.2 0.2 0.1 0.1

Administrative and support services 1.1 1.0 1.1 0.9 0.9 0.8

Public administration 7.2 7.4 7.7 7.1 6.2 5.8

Education 2.4 2.9 2.9 2.7 2.5 2.3

Human health and social work 1.3 1.2 1.3 1.2 1.1 1.0

Arts, entertainment and recreation 0.1 0.1 0.1 0.1 0.1 0.1


Domestic services 0.2 0.2 0.2 0.2 0.2 0.2

Less: FISIM 0.9 0.9 1.0 1.1 1.2 1.1

GDP at basic prices 89.8 89.5 90.2 89.9 89.7 90.3

Add: Taxes on products 10.2 10.5 9.8 10.1 10.3 9.7

GDP at market prices 100.0 100.0 100.0 100.0 100.0 100.0Source: Office of Chief Government Statistician, Zanzibar



Table 1.5: Gross Domestic Product by Economic Activity at Constant 2015 Prices, Tanzania Mainland

27

Millions of TZS


A: Monetary



Crops 9,308,881.4 10,267,228.7 11,330,959.2 11,852,633.3 12,666,158.9 13,344,020.2

Livestock 5,465,006.2 5,788,062.5 6,131,536.8 6,458,452.8 6,797,007.6 7,080,238.7

Forestry 2,421,026.0 2,536,529.7 2,629,473.9 2,720,412.4 2,853,656.1 3,002,558.6

Fishing 1,881,392.7 1,915,235.1 1,829,017.7 1,849,169.2 2,004,525.2 2,188,251.1


Industry and Construction 19,292,729.3 20,449,620.8 22,391,184.7 25,070,677.4 27,685,959.8 30,248,978.3

Mining and quarrying 3,464,720.7 3,687,273.0 4,055,619.4 4,356,708.6 4,588,623.9 4,659,195.2

Manufacturing 6,292,514.3 6,919,794.2 7,411,671.6 8,213,364.3 8,889,818.0 9,623,500.7

Electricity supply 723,608.1 815,296.8 798,801.2 869,262.5 877,666.6 928,174.5


Construction 8,526,348.1 8,730,923.6 9,822,685.2 11,304,444.3 12,979,832.7 14,668,563.3

Services 32,717,125.3 35,771,676.2 38,053,039.8 40,454,485.6 42,592,227.5 45,251,705.8

Wholesale and retail trade; repairs 7,682,285.7 8,444,242.9 8,747,862.1 9,260,703.3 9,821,247.6 10,395,782.5

Transport and storage 6,050,976.3 6,577,705.7 6,929,894.9 7,324,856.3 7,815,844.6 8,736,560.6

Accommodation and Food Services 1,356,204.2 1,397,782.4 1,421,916.1 1,480,052.1 1,525,618.5 1,604,390.7

Information and communication 1,414,116.3 1,560,063.7 1,681,098.0 1,718,547.6 1,824,470.9 1,989,828.8

Financial and insurance activities 3,405,939.9 3,764,112.5 4,189,021.5 4,235,515.3 4,115,392.9 4,094,972.3

Real estate 2,623,189.9 2,736,907.3 2,856,108.5 2,982,007.7 3,115,111.8 3,248,194.4

Professional, scientific and technical activities 385,090.4 447,920.8 518,122.7 606,206.7 694,290.6 763,332.1

Administrative and support service activities 1,660,994.2 1,976,259.6 2,183,917.0 2,611,497.7 2,892,462.9 3,054,288.2

Public administration and defence 3,974,205.6 4,242,164.3 4,548,604.4 4,793,820.0 4,907,113.3 5,058,291.8

Education 1,927,632.7 2,186,259.6 2,413,305.9 2,665,336.4 2,859,170.7 3,046,789.4

Human health and social work activities 1,245,029.6 1,349,940.7 1,419,089.9 1,497,896.4 1,611,999.2 1,742,444.2



Activities of households as employers; 166,879.6 172,189.8 177,690.7 183,386.7 189,193.2 195,113.5

All economic activities 71,115,822.1 76,759,834.7 82,398,097.7 88,440,032.0 94,635,626.0 101,153,675.4

Taxes on products 8,179,129.2 8,001,090.0 7,864,579.4 8,024,535.5 8,393,644.1 9,064,285.8

B: Non- Monetary



Crops 3,302,224.1 3,413,539.0 3,280,686.9 3,521,469.2 3,651,537.5 3,829,842.9

Livestock 1,974,383.0 2,076,785.4 1,948,433.1 2,143,714.3 2,229,462.9 2,294,592.2

Forestry 1,038,181.1 1,032,783.6 1,026,919.7 1,048,139.8 1,079,584.0 1,185,809.8

Fishing 274,798.7 288,811.4 290,950.9 314,157.0 326,723.2 332,232.7


Industry and Construction 579,356.7 607,585.2 712,462.4 747,277.5 879,814.2 986,066.8


Construction 497,004.7 522,158.7 624,111.5 656,276.2 785,172.7 878,101.2

Services 91,585.1 92,062.5 93,489.1 95,078.4 96,783.1 106,323.2

Real estate 91,585.1 92,062.5 93,489.1 95,078.4 96,783.1 106,323.2


Population 44.8 46.0 47.4 48.7 51.0 55.8

D: Per Capita nominal GDP (TZS) 1,857,512.5 1,930,120.4 1,992,593.8 2,070,398.2 2,110,929.5 2,063,444.3Source: National Bureau of Statistics


28


Table 1.6: Gross Domestic Product by Economic Activity at Constant 2015 Prices, Zanzibar

Millions of TZS

Activity 2013 2014 2015 2016 2017 2018P

Agriculture, Forestry and Fishing 492,339.7 493,389.3 519,718.9 539,470.4 581,961.7 603,382.1

Crops 236,060.5 219,172.3 227,704.6 235,942.4 261,048.2 270,623.4

Livestock 91,804.2 100,236.8 113,538.0 124,643.2 136,036.8 146,324.0

Forestry and hunting 40,011.7 40,597.8 41,251.0 42,286.7 44,076.5 44,195.5

Fishing 124,463.4 133,382.4 137,225.4 136,598.0 140,800.2 142,239.2

Industry 369,274.1 394,880.4 433,501.0 466,959.2 493,084.6 503,963.3

Mining and quarrying 21,546.8 21,378.2 23,463.6 27,200.7 32,719.2 37,066.7

Manufacturing 148,886.5 162,386.9 180,115.0 194,561.1 211,321.3 207,876.8

Electricity and gas 10,432.5 10,924.6 11,658.3 12,613.4 13,147.7 13,823.3

Water supply and sewerage 16,951.2 18,112.5 19,565.8 20,913.3 22,448.9 23,077.8

Construction 171,457.0 182,078.2 198,698.4 211,670.7 213,447.5 222,118.7

Services 1,044,938.6 1,131,997.0 1,196,482.6 1,265,172.3 1,360,137.6 1,495,560.3

Trade and repairs 168,667.8 166,921.1 162,086.3 169,431.7 180,256.9 192,220.8

Transport and storage 90,076.5 98,546.0 101,969.0 107,633.1 111,365.1 121,812.1

Accomodation and food services 282,201.2 297,813.6 331,006.3 375,533.9 429,210.0 504,749.5

Accomodation 227,722.2 240,546.8 268,136.6 305,243.5 350,029.4 409,489.6

Food and beverage services 54,479.0 57,266.8 62,869.6 70,290.4 79,180.6 95,259.9

Information and communication 44,791.2 57,727.2 52,507.0 44,692.8 51,598.5 53,220.8

Financial and insurance activities 52,167.4 64,509.3 78,575.4 83,656.5 91,571.9 95,615.7

Real estate activities 115,029.2 121,392.1 128,418.7 136,157.9 144,662.6 153,990.7

Professional, scientific and technical 2,296.2 3,291.7 3,595.5 3,941.0 3,815.6 4,013.7

Administrative and support services 23,760.6 22,514.1 23,206.0 22,767.9 24,415.6 25,604.1

Public administration 147,080.6 169,740.4 181,857.5 180,874.7 175,947.2 185,600.0

Education 60,241.2 67,161.8 69,438.5 71,529.8 73,336.8 78,464.1

Human health and social work 27,450.3 29,648.1 29,728.4 30,822.1 31,249.2 31,979.5

Arts, entertaiment and recreation 1,528.1 1,617.4 1,891.7 2,387.2 2,734.2 3,261.8


Domestic services 4,881.6 5,038.2 5,199.8 5,366.6 5,538.7 5,716.3

Less FISIM 18,681.8 21,234.1 23,938.1 27,901.4 27,660.3 24,845.8

GDP at basic prices 1,887,870.6 1,999,032.6 2,125,764.4 2,243,700.6 2,407,523.6 2,578,059.8

Taxes on products 196,550.3 218,933.8 229,891.2 247,696.9 276,822.6 296,272.9

GDP at market prices 2,084,421.0 2,217,966.3 2,355,655.6 2,491,397.5 2,684,346.2 2,874,332.7Source: Office of Chief Government Statistician, Zanzibar


29

Output and Prices

Table 1.7: Gross Domestic Product by Economic Activity, Percentage Growth Rates at Constant 2015 Prices, Tanzania Mainland

Economic activity 2014 2015 2016 2017 2018

A: Monetary

Gross Domestic Product at market price 6.9 6.5 6.9 6.8 7.0

Agriculture, forestry and fishing 7.5 6.9 4.4 6.3 5.3

Crops 10.3 10.4 4.6 6.9 5.4

Livestock 5.9 5.9 5.3 5.2 4.2

Forestry 4.8 3.7 3.5 4.9 5.2

Fishing 1.8 -4.5 1.1 8.4 9.2

Agriculture support services 6.1 4.5 4.0 5.5 5.1

Industry and Construction 6.0 9.5 12.0 10.4 9.3

Mining and quarrying 6.4 10.0 7.4 5.3 1.5

Manufacturing 10.0 7.1 10.8 8.2 8.3

Electricity supply 12.7 -2.0 8.8 1.0 5.8

Water supply; sewerage, waste management 3.8 2.0 8.1 7.1 5.6

Construction 2.4 12.5 15.1 14.8 13.0

Services 9.3 6.4 6.3 5.3 6.2

Wholesale and retail trade; repairs 9.9 3.6 5.9 6.1 5.8

Transport and storage 8.7 5.4 5.7 6.7 11.8

Accommodation and Food Services 3.1 1.7 4.1 3.1 5.2

Information and communication 10.3 7.8 2.2 6.2 9.1

Financial and insurance activities 10.5 11.3 1.1 -2.8 -0.5

Real estate 4.3 4.4 4.4 4.5 4.3

Professional, scientific and technical activities 16.3 15.7 17.0 14.5 9.9

Administrative and support service activities 19.0 10.5 19.6 10.8 5.6

Public administration and defence 6.7 7.2 5.4 2.4 3.1

Education 13.4 10.4 10.4 7.3 6.6

Human health and social work activities 8.4 5.1 5.6 7.6 8.1

Arts, entertainment and recreation 8.5 7.7 12.7 9.9 13.7

Other service activities 12.0 4.7 13.5 12.0 6.5

Activities of households as employers; 3.2 3.2 3.2 3.2 3.1

All economic activities 7.9 7.3 7.3 7.0 6.9

Taxes on products -2.2 -1.7 2.0 4.6 8.0

B: Non- Monetary

Gross Domestic Product at market price 3.6 1.7 6.4 7.7 7.3

Agriculture, forestry and fishing 3.5 -0.6 6.8 6.1 6.4

Crops 3.4 -3.9 7.3 3.7 4.9

Livestock 5.2 -6.2 10.0 4.0 2.9

Forestry -0.5 -0.6 2.1 3.0 9.8

Fishing 5.1 0.7 8.0 4.0 1.7

Agriculture support services 2.0 -5.1 7.5 2.0 9.1

Industry and Construction 4.9 17.3 4.9 17.7 12.1

Water supply; sewerage, waste management 3.7 3.4 3.0 4.0 14.1

Construction 5.1 19.5 5.2 19.6 11.8

Services 0.5 1.5 1.7 1.8 9.9

Real estate 0.5 1.5 1.7 1.8 9.9

GDP at market prices 6.7 6.2 6.9 6.8 7.0Source: National Bureau of Statistics


30

Activity 2013 2014 2015 2016 2017 2018P


Crops 6.4 -7.2 3.9 3.6 10.6 3.7

Livestock 9.9 9.2 13.3 9.8 9.1 7.6

Forestry and hunting -0.2 1.5 1.6 2.5 4.2 0.3

Fishing 4.1 7.2 2.9 -0.5 3.1 1.0

Industry 3.9 6.9 9.8 7.7 5.6 2.2

Mining and quarrying 3.8 -0.8 9.8 15.9 20.3 13.3

Manufacturing 6.0 9.1 10.9 8.0 8.6 -1.6

Electricity and gas 3.1 4.7 6.7 8.2 4.2 5.1

Water supply and sewerage 5.7 6.9 8.0 6.9 7.3 2.8

Construction 2.1 6.2 9.1 6.5 0.8 4.1

Services 3.9 8.3 5.7 5.7 7.5 10.0

Trade and repairs 4.5 -1.0 -2.9 4.5 6.4 6.6


Accomodation and food services 6.8 5.5 11.1 13.5 14.3 17.6

Accomodation 7.0 5.6 11.5 13.8 14.7 17.0

Food and beverage services 6.2 5.1 9.8 11.8 12.6 20.3

Information and communication -15.9 28.9 -9.0 -14.9 15.5 3.1


Real estate activities 5.3 5.5 5.8 6.0 6.2 6.4

Professional, scientific and technical 47.9 43.4 9.2 9.6 -3.2 5.2

Administrative and support services 5.9 -5.2 3.1 -1.9 7.2 4.9

Public administration -0.5 15.4 7.1 -0.5 -2.7 5.5

Education 10.7 11.5 3.4 3.0 2.5 7.0

Human health and social work 4.3 8.0 0.3 3.7 1.4 2.3

Arts, entertaiment and recreation 7.4 5.8 17.0 26.2 14.5 19.3


Domestic services 3.2 3.2 3.2 3.2 3.2 3.2

Less: FISIM 10.3 13.7 12.7 16.6 -0.9 -10.2

Taxes on products 3.7 11.4 5.0 7.7 11.8 7.0

GDP at market prices 4.3 6.4 6.2 5.8 7.7 7.1Source: Office of Chief Government Statistician, Zanzibar



Table 1.8: Gross Domestic Product by Economic Activity, Percentage Growth Rates at Constant 2015 Prices, Zanzibar

31


Table 1.9: Production of Major Agricultural Crops, Tanzania Mainland

'000' Tonnes

2014/15 2015/16 2016/17 2017/18 2018/19P

Food crops

Maize 5,902.8 6,148.7 6,680.0 6,273.2 5,817.5

Rice 1,936.9 2,229.1 1,593.0 2,219.6 2,009.2

Wheat 72.5 76.4 50.0 56.7 62.4

Pulses 1,745.9 1,958.6 2,317.0 1,823.5 1,407.8

Cash crops

Coffee 42.0 59.6 48.3 43.6 66.6

Seed cotton 203.3 149.9 122.4 132.9 222.7

Tea 35.7 32.6 27.0 34.0 37.2

Cashewnuts 197.9 155.2 264.9 313.8 225.1

Tobacco 105.9 87.0 60.7 85.7 55.0

Sisal 40.3 41.0 35.6 43.5 32.1

Pyrethrum 1.8 1.8 2.4 n.a n.aSource: Ministry of Agriculture

Note: p denotes provisional data; and n.a, not available

Table 1.10: Production of Major Export Crops, Zanzibar

Tonnes

Crops 2013 2014 2015 2016 2017 2018P

Cloves 5,733.0 4,153.0 3,322.0 4,678.7 8,277.2 675.2

Clove sterm 492.6 901.2 217.4 974.7 1,630.6 172.8

Seaweed 11,043.8 13,302.0 16,724.0 11,114.5 10,980.9 10,424.9

Rubber 394.1 204.2 0.0 0.0 0.0 0.0Source: Zanzibar State Trading Corporation (ZSTC); Ministry of Agriculture, Natural Resources, Livestock and Fishing; and AGROTEX CompanyNote: p denotes provisional data

32


Table 1.11: Production of Selected Industrial Products, Tanzania Mainland

Commodity Unit 2013 2014 2015 2016 2017 2018P

Biscuits and pasta Tonnes 17,440.0 15,964.0 15,274.0 15,551.0 16,451.0 16,911.0

Wheat flour Tonnes 516,778.0 529,797.0 534,637.0 512,068.0 606,432.0 712,967.0

Sugar, refined '000' Tonnes 241.3 270.1 252.9 286.7 320.3 315.9

Konyagi (Distilled spirits) '000' Liters 20,680.0 31,474.0 29,489.0 28,754.0 22,823.0 26,744.0

Beer '000' Liters 374,238.0 379,913.0 391,742.0 393,560.0 396,864.0 477,578.0

Chibuku '000' Liters 19,935.0 18,501.0 23,028.0 26,513.0 22,162.0 20,819.0

Cigarattes Million pieces 7,710.0 8,028.0 7,837.0 8,091.0 7,412.0 7,921.0

Textiles '000' square meters105,525.0 141,358.0 98,642.0 95,924.0 52,052.0 85,982.0

Sisal ropes and twines Tonnes 6,908.0 7,871.0 8,851.0 9,131.0 8,188.0 8,116.0

Fishnet and products Tonnes 297.0 279.0 311.0 256.0 196.0 228.0

Plywood Cubic meter 1,043.0 1,038.0 1,021.0 788.0 993.0 1,023.0

Pyrethrum extract Tonnes 113.0 199.0 118.0 126.0 134.0 139.0

Paints '000' Liters 36,623.0 38,308.0 35,930.0 36,343.0 40,146.0 48,025.0

Cement '000' Tonnes 2,345.6 2,809.1 3,134.9 4,071.4 4,199.9 4,509.1

Rolled steel Tonnes 121,362.0 129,555.0 142,963.0 154,079.0 183,337.0 224,402.0

Iron sheets Tonnes 70,831.0 69,825.0 91,385.0 91,109.0 84,541.0 81,390.0

Aluminium sheets/circles Tonnes 54.0 27.0 32.0 0.0 0.0 0.0

Dry cells '000' pieces 75,000.0 93,000.0 87,000.0 69,000.0 122,000.0 255,000.0

Battery, auto Pieces 0.0 0.0 0.0 0.0 0.0 0.0Source: National Bureau of Statistics

Note: p denotes provisional data

Table 1.12: Production of Selected Industrial Products, Zanzibar

Commodity Units 2013 2014 2015 2016 2017 2018P

Beverages* Liters (000) 12,409.0 12,448.0 16,972.0 19,811.0 21,699.0 20,166.0

Bread No. (000) 127,815.0 143,855.0 161,911.0 174,350.0 194,893.0 209,439.0

Wheat flour Tonnes 23,360.0 31,899.0 27,749.0 23,834.0 25,196.0 26,963.0

Diary products Liters (000) 0.0 1,527,876.0 7,745,044.0 10,475,453.0 8,174,332.0 7,709,330.0

Noodles Kgs 215,915.0 222,392.0 277,990.0 181,872.0 247,350.0 295,701.0

Door UPVC No. (000) 105.0 168.0 229.0 93.0 121.0 239.0

Window UPVC No. (000) 130.0 270.0 320.0 149.0 71.0 121.0

Video/Radio tape Cartons 0.0 0.0 0.0 0.0 0.0 0.0

Gaments dish-dash Pcs 3,622.0 3,950.0 3,419.0 3,674.0 3,119.0 2,973.0

Jewellery (gold/silver) Gms 6,730.0 8,199.0 7,032.0 5,915.0 5,060.0 5,684.0Source: Office of Chief Government Statistician, Zanzibar

Note: p denotes provisional data; * includes mineral water, soft drinks and juice

33


Table 1.13: Industrial Production Indices, Tanzania Mainland1985=100

Commodity 2013 2014 2015 2016 2017r 2018P

Biscuits and pasta 1,763.4 1,614.2 1,544.4 1,572.4 1,663.4 1,709.9

Wheat flour 1,328.1 1,361.6 1,374.0 1,316.0 1,558.6 1,832.3

Sugar, refined 215.5 241.1 225.8 256.0 286.0 282.1

Konyagi 2,149.7 3,271.7 3,065.4 2,989.0 2,372.5 2,780.0

Beer 494.0 501.5 517.1 519.5 523.8 630.4

Chibuku 182.4 169.3 210.7 242.6 202.8 190.5

Cigarettes 289.2 301.1 294.0 303.5 278.0 297.1

Textiles 181.7 243.4 169.9 165.2 89.6 148.1

Sisal ropes and twines 47.6 54.3 61.0 63.0 56.5 56.0

Fishnet and products 309.4 290.6 324.0 266.7 204.2 237.5

Plywood 65.6 65.3 64.3 49.6 62.5 64.4

Pyrethrum extract 289.7 510.3 302.6 323.1 343.6 356.4

Paints 2,685.0 2,808.5 2,634.2 2,664.4 2,943.3 3,520.9

Cement 623.8 747.1 833.8 1,082.8 1,168.9 1,199.2

Rolled steel 1,074.0 1,146.5 1,265.2 1,363.5 1,491.4 1,985.9

Iron Sheets 326.9 322.2 421.7 420.4 390.1 375.6

Aluminium sheets/circles 2.2 1.1 1.3 0.0 0.0 0.0

Dry cells 170.1 210.9 197.3 156.5 276.6 578.2Source: National Bureau of Statistics and the Bank of Tanzania computations

Note: r denotes revised data; and p, provisional data

Table 1.14: Mineral Recoveries, Tanzania Mainland

Item Unit 2013 2014 2015 2016 2017 2018P

Diamond '000' Carats 179.6 252.9 216.5 239.9 304.5 381.3

Gold Kilograms 43,389.7 40,481.2 46,008.3 45,155.4 43,489.9 39,304.0

Gemstone Tonnes 2,649.5 3,069.2 1,878.4 2,541.0 1,138.0 284.3

Salt '000' Tonnes 34.0 54.8 168.9 178.2 124.5 36.6

Gypsum '000' Tonnes 220.5 200.2 254.8 213.7 123.6 241.3

Limestone '000' Tonnes 2,759.1 1,116.8 4,443.6 4,170.1 3,300.9 2,944.0

Pozzolana Tonnes 61,004.0 68,924.7 342,627.6 230,045.5 104,085.1 91,645.0

Coal '000' Tonnes 84,772.0 246,127.7 257,321.0 276,030.2 558,553.1 627,652.0

Tanzanite Kilograms 24,804.8 18,463.7 6,370.4 30,875.2 21,581.5 n.a

Phosphate Tonnes 1,023,020.0 738,000.0 222,800.0 23,658.0 1,351.0 n.a

Copper '000' Pounds 12,654.0 14,027.0 14,252.3 16,247.2 6,058.4 n.aSource: Ministry of Minerals

Note: p denotes provisional data; and n.a, not available

34

1.0

Out

put a

nd P

rices

Tabl

e 1.

15 (i

): N

atio

nal C

onsu

mer

Pric

e In

dex

(Urb

an a

nd R

ural

) - M

ain

Gro

ups

Base

: Sep

201

0 =

100

Perio

dTo

tal in

dex

Food

and n

on-a

lcoho

lic

beve

rage

s (ex

clude

food

co

nsum

ed at

resta

uran

ts)Tr

ansp

ort

Hous

ing, w

ater,

electr

icity,

gas

and o

ther f

uel

Cloth

ing an

d foo

twea

r

Furn

ishing

, hou

sing

equip

ment

and r

outin

e ma

intan

ance

of th

e Re

staur

ants

and h

otels

Misc

ellan

eous

go

ods a

nd

serv

ices

Alcoh

ol,

tobac

co an

d na

rcoti

csCo

mmun

icatio

nEd

ucati

onRe

crea

tion a

nd

cultu

reHe

alth

Old w

eights

(%)

100.0

47.8

9.59.2

6.76.7

6.44.5

3.32.1

1.71.3

0.920

1314

0.815

3.012

1.915

2.612

9.012

7.213

3.712

0.913

6.496

.411

3.211

2.610

8.120

1414

9.516

4.412

6.616

8.913

2.912

9.613

7.312

8.214

4.497

.011

9.111

3.411

2.020

1515

7.817

8.712

5.817

1.613

8.413

1.614

3.613

2.014

9.697

.312

2.711

5.311

5.4Ba

se: D

ec 2

015

= 10

0

New

weigh

ts (%

)10

0.038

.512

.511

.68.3

6.34.2

3.13.7

5.61.5

1.62.9

2015

97.9

96.6

98.6

100.6

98.1

98.0

98.8

98.2

99.0

99.6

99.5

98.2

97.6

2016

102.9

103.8

99.5

107.3

102.2

101.7

103.1

101.7

103.2

99.1

102.3

101.1

103.4

2017

108.4

113.3

99.9

115.4

105.8

104.7

104.4

105.0

106.6

98.2

103.2

102.3

106.0

2018

112.2

116.6

102.5

129.2

108.9

107.4

105.7

106.7

108.4

96.6

105.8

102 .8

107.4

2017

- Q1

107.1

111.4

100.0

112.5

104.4

104.2

104.3

103.4

105.5

98.7

102.9

101.5

105.3

Q210

9.111

5.710

0.111

3.610

5.810

4.710

4.410

5.510

6.598

.110

3.110

2.010

5.8Q3

108.6

113.2

99.5

116.7

106.4

104.8

104.4

105.7

107.0

98.1

103.4

102.7

106.2

Q410

8.911

2.910

0.111

8.810

6.510

5.110

4.510

5.410

7.598

.110

3.510

3.210

6.7

2018

- Q1

111.4

117.4

101.2

122.3

107.6

106.1

105.2

105.7

107.9

98.2

105.5

103.1

107.0

Q211

3.111

9.410

1.912

8.710

8.310

7.110

5.310

6.810

7.697

.310

5.610

2.810

7.3Q3

112.2

115.9

102.4

131.4

109.4

107.8

105.7

107.0

108.4

95.5

106.0

102.7

107.5

Q411

2.311

3.910

4.513

4.411

0.210

8.510

6.710

7.510

9.695

.510

6.010

2.610

7.7

2019

- Q1

114.7

118.0

105.0

137.4

111.4

110.4

109.1

108.6

110.8

96.3

107.5

103.3

108.6

Q211

7.012

1.510

6.114

1.211

2.011

1.611

0.410

9.511

1.596

.910

7.710

5.310

9.5Q3

116.2

119.9

105.8

139.6

112.3

111.9

110.5

109.6

110.9

96.3

107.7

104.6

109.5

2019

-Jan

113.4

116.3

104.6

133.0

111.2

109.8

107.7

108.3

110.3

95.7

107.4

103.2

108.1

Feb

114.6

117.8

104.7

137.4

111.4

110.2

109.0

108.5

110.7

96.2

107.5

103.3

108.6

Mar

116.2

119.8

105.7

141.6

111.6

111.1

110.4

109.0

111.4

97.1

107.5

103.4

109.0

Apr

116.8

121.0

105.9

141.8

111.9

111.3

110.5

109.3

111.5

97.1

107.7

103.8

109.5

May

117.2

121.7

106.2

141.9

112.2

111.8

110.5

109.6

111.5

97.1

107.7

106.0

109.5

Jun

117.0

121.9

106.2

140.0

112.0

111.7

110.3

109.5

111.5

96.5

107.7

106.0

109.5

Jul

116.6

121.0

106.2

139.5

112.0

111.8

110.4

109.6

111.5

96.5

107.7

104.2

109.5

Aug

116.0

119.6

105.5

139.5

112.5

111.9

110.4

109.5

110.6

96.2

107.7

104.6

109.5

Sep

115.9

119.2

105.7

139.7

112.5

111.9

110.8

109.6

110.6

96.2

107.7

105.0

109.5

Sour

ce:

Natio

nal B

urea

u of

Sta

tistic

s.

Note

s: Q

den

otes

qua

rter

35


Table 1.15 (ii): National Consumer Price Index (Urban and Rural) - Other Selected Groups

Base: Sep 2010 = 100

PeriodTotal non-food (All

items less food)All items less food

and energy

Energy ang fuels (Combining electricity

and other fuels for use at home with petrol and

diesel)

Old weights (%) 51.0 49.0 43.3 5.7

2013 152.8 128.9 123.0 170.1

2014 163.1 135.2 127.6 190.7

2015 177.2 137.6 130.5 189.0Base: Dec 2015 = 100

New weights (%) 37.1 62.9 54.3 8.7

2015 96.9 99.2 98.9 101.2

2016 104.2 102.3 101.5 107.6

2017 114.2 105.6 103.5 118.9

2018 118.4 110.1 105.4 139.3

2017 - Q1 112.1 104.6 102.8 115.2

Q2 116.5 105.3 103.5 116.6

Q3 114.2 105.9 103.7 120.0

Q4 113.9 106.5 103.8 123.8

2018 - Q1 118.6 107.9 104.5 129.3

Q2 120.8 109.7 105.1 138.5

Q3 117.7 110.8 105.7 142.5

Q4 116.6 112.1 106.5 147.0

2019 - Q1 121.2 113.6 107.9 149.4

Q2 125.2 115.1 108.7 154.6

Q3 123.6 108.8 114.7 152.1

2019-Jan 119.4 112.5 107.4 144.4

Feb 121.0 113.5 107.8 149.3

Mar 123.3 114.8 108.5 154.4

Apr 124.5 115.1 108.7 154.9

May 125.3 115.3 108.9 155.5

Jun 125.7 114.9 108.7 153.3

Jul 124.7 108.7 114.7 152.6

Aug 123.3 108.8 114.7 151.5

Sep 122.8 108.8 114.8 152.1Source: National Bureau of Statistics.

Notes: Q denotes quarter

Food and non-alcoholic beverages (Combining

food consumed at home and food consumed in

restaurants)

Non - food

36

1.0

Out

put a

nd P

rices

Tabl

e 1.

16: Z

anzi

bar C

onsu

mer

Pric

e In

dex

Base

: Jan

201

7=10

0

All it

ems

Food

Non-

food

Food

and

no

n-al

coho

lic

beve

rage

s

Alco

hol b

ever

ages

, to

bacc

o an

d na

rcot

ics

Clot

hing

and

fo

otwe

ar

Hous

ing,

wat

er,

elec

tricit

y, g

as

and

othe

r fue

l

Furn

ishin

g, h

ouse

hold

eq

uipm

ent a

nd ro

utin

e ho

useh

old

mai

ntan

ance

He

alth

Tran

spor

tCo

mm

unica

tion

Recr

eatio

n an

d cu

lture

Educ

atio

nRe

stau

rant

s an

d ho

tels

Misc

ella

neou

s go

ods

and

serv

ices

New

weig

hts

(%)

100.

042

.757

.343

.60.

26.

918

.45.

52.

19.

64.

21.

31.

93.

92.

3

2017

Jan

100.

010

0.0

100.

010

0.0

100.

010

0.0

100.

010

0.0

100.

010

0.0

100.

010

0.0

100.

010

0.0

100.

0

Feb

100.

310

0.2

100.

210

0.2

100.

099

.910

0.7

100.

010

0.0

101.

110

0.0

96.7

100.

010

0.0

100.

0

Mar

100.

710

1.1

100.

510

1.1

100.

099

.910

0.3

100.

010

0.1

102.

410

0.0

98.4

100.

010

0.0

100.

0

April

10

3.4

104.

210

2.8

104.

110

0.0

99.8

107.

310

0.0

100.

410

2.8

100.

098

.410

0.0

100.

099

.8

May

104.

810

7.3

102.

910

7.2

100.

099

.810

7.6

100.

110

4.0

102.

010

0.1

98.4

100.

010

0.0

99.9

Jun

104.

710

5.5

104.

110

5.5

100.

010

4.1

108.

610

1.2

103.

510

2.6

100.

010

2.3

100.

010

0.0

100.

2

Jul

104.

210

4.5

103.

910

4.5

103.

310

4.0

108.

010

1.5

103.

610

2.2

100.

010

2.3

100.

010

1.1

100.

3

A ug

105.

210

6.2

104.

410

6.2

103.

310

3.9

109.

710

1.4

103.

610

1.5

100.

010

2.3

100.

010

1.1

100.

3

Sep

104.

310

5.6

103.

310

5.6

103.

310

2.8

110.

710

1.4

104.

495

.110

0.0

96.7

100.

010

1.1

100.

3

Oct

104.

510

3.8

104.

910

3.9

103.

310

3.7

110.

210

1.8

104.

210

3.9

100.

010

2.5

100.

010

1.1

100.

3

Nov

103.

410

1.5

104.

910

1.6

103.

310

3.9

109.

410

1.7

104.

610

4.7

100.

010

2.5

100.

010

1.1

100.

3

Dec

105.

110

4.3

105.

610

4.4

103.

310

4.0

110.

910

2.1

104.

610

5.7

100.

210

2.7

100.

010

2.0

100.

3

2018

Jan

105.

210

1.7

107.

710

1.8

103.

310

5.0

111.

011

3.1

104.

610

9.4

100.

310

3.5

105.

310

2.0

102.

0

Feb

105.

110

1.4

107.

810

1.5

103.

310

5.0

110.

911

2.8

104.

511

0.0

100.

310

5.1

105.

310

2.0

102.

0

Mar

105.

210

1.5

108.

010

1.6

103.

310

5.1

111.

411

2.9

104.

511

0.3

100.

310

5.1

105.

310

2.0

102.

0

Apr

106.

010

2.7

108.

410

2.9

103 .

310

5.2

111.

711

3.0

104.

511

1.6

100.

310

5.1

105.

310

2.0

101.

9

May

107.

610

6.9

108.

210

6.8

103.

310

5.3

111.

111

3.7

105.

911

0.6

100.

510

5.1

105.

310

2.0

101.

8

Jun

108.

410

7.9

108.

710

7.9

103.

310

5.3

112.

811

4.3

106.

211

0.7

99.1

105.

110

5.3

102.

010

2.7

Jul

108.

210

6.5

109.

510

6.5

103.

310

5.5

114.

511

4.5

106.

511

3.3

99.1

105.

110

5.3

98.7

102.

7

Aug

109.

310

8.3

110.

110

8.2

108.

410

5.4

115.

911

4.9

106.

311

3.1

99.1

105.

110

5.4

100.

210

2.7

Sep

107.

910

5.6

109.

710

5.6

110.

210

5.2

114.

511

5.4

106.

411

2.9

99.1

105.

110

5.4

100.

210

2.7

Oct

108.

310

6.6

109.

610

6.6

110.

210

5.4

114.

511

4.9

106.

411

3.0

99.1

105.

110

5.4

100.

210

2.9

Nov

108.

010

5.0

110.

310

5.0

110.

210

7.0

114.

811

4.7

106.

211

4.0

99.1

107.

710

6.3

100.

810

4.4

Dec

108.

710

6.7

110.

210

6.7

110.

210

7.0

114.

211

4.9

106.

211

4.7

99.1

107.

710

6.3

100.

810

4.2

2019

Jan

108.

310

5.5

110.

410

5.5

110.

410

6.9

112.

611

6.4

108.

911

3.9

99.1

107.

710

9.7

106.

310

5.6

Feb

107.

810

5.4

109.

710

5.4

110.

210

6.7

112.

011

6.1

108.

911

1.4

99.1

107.

710

9.7

106.

310

5.6

Mar

108.

210

4.5

111.

010

4.6

110.

210

5.2

113.

111

6.0

108.

911

1.5

114.

810

7.7

109.

710

6.3

105.

6

Apr

109.

110

6.3

111.

210

6.3

110.

210

5.6

112.

611

6.7

109.

411

2.2

114.

810

7.5

109.

710

6.3

106.

0

May

110.

910

9.4

112.

110

9.3

110.

210

7.2

114.

211

7.0

109.

511

3.1

114.

810

8.1

109.

710

6.3

106.

7

Jun

111.

311

0.5

111.

911

0.5

110.

210

7.0

113.

311

7.1

109.

511

3.7

114.

810

9.5

109.

710

6.3

107.

1

Jul

110.

810

8.3

112.

610

8.3

121.

910

6.6

113.

611

7.3

113.

811

6.3

114.

811

0.1

109.

710

6.3

107.

2

Aug

111.

611

0.5

112.

511

0.4

134.

910

7.0

113.

911

7.5

114.

211

4.1

114.

811

0.1

109.

710

6.3

107.

7

Sep

110.

310

7.2

112.

710

7.2

134.

910

7.1

113.

511

8.8

114.

211

5.3

114.

811

0.1

109.

710

6.3

108.

3So

urce

: Offi

ce o

f Chi

ef G

over

nmen

t Sta

tistic

ian,

Zan

zibar

37

1.0

Out

put a

nd P

rices

Tabl

e 1.

17 (i

): N

atio

nal C

onsu

mer

Pric

e In

dex

(Urb

an a

nd R

ural

), Tw

elve

Mon

ths

Perc

enta

ge C

hang

e - M

ain

Gro

ups

Base

: Sep

201

0 =

100

Perio

dTo

tal in

dex

Food

and

non

-alc

ohol

ic

beve

rage

s (e

xclu

de fo

od

cons

umed

at r

esta

uran

ts)

Tran

spor

t

Hou

sing

, wat

er,

elec

trici

ty, g

as

and

othe

r fue

lC

loth

ing

and

foot

wea

r

Furn

ishi

ng, h

ousi

ng

equi

pmen

t and

rout

ine

mai

ntan

ance

of t

he

Res

taur

ants

an

d ho

tels

Mis

cella

neou

s go

ods

and

serv

ices

Alco

hol,

toba

cco

and

narc

otic

sC

omm

unic

atio

nEd

ucat

ion

Rec

reat

ion

and

cultu

reH

ealth

Old

wei

ghts

(%)

100.

047

.89.

59.

26.

76.

76.

44.

53.

32.

11.

71.

30.

920

1314

0.8

153.

012

1.9

152.

612

9.0

127.

213

3.7

120.

913

6.4

96.4

113.

211

2.6

108.

120

1414

9.5

164.

412

6.6

168.

913

2.9

129.

613

7.3

128.

214

4.4

97.0

119.

111

3.4

112.

020

1515

7.8

178.

712

5.8

171.

613

8.4

131.

614

3.6

132.

014

9.6

97.3

122.

711

5.3

115.

4Ba

se: D

ec 2

015

= 10

0

New

wei

ghts

(%)

100.

038

.512

.511

.68.

36.

34.

23.

13.

75.

61.

51.

62.

920

1597

.996

.698

.610

0.6

98.1

98.0

98.8

98.2

99.0

99.6

99.5

98.2

97.6

2016

102.

910

3.8

99.5

107.

310

2.2

101.

710

3.1

101.

710

3.2

99.1

102.

310

1.1

103.

420

1710

8.4

113.

399

.911

5.4

105.

810

4.7

104.

410

5.0

106.

698

.210

3.2

102.

310

6.0

2018

112.

211

6.6

102.

512

9.2

108.

910

7.4

105.

710

6.7

108.

496

.610

5.8

102 .

810

7.4

2017

- Q

110

7.1

111.

410

0.0

112.

510

4.4

104.

210

4.3

103.

410

5.5

98.7

102.

910

1.5

105.

3Q

210

9.1

115.

710

0.1

113.

610

5.8

104.

710

4.4

105.

510

6.5

98.1

103.

110

2.0

105.

8Q

310

8.6

113.

299

.511

6.7

106.

410

4.8

104.

410

5.7

107.

098

.110

3.4

102.

710

6.2

Q4

108.

911

2.9

100.

111

8.8

106.

510

5.1

104.

510

5.4

107.

598

.110

3.5

103.

210

6.7

2018

- Q

111

1.4

117.

410

1.2

122.

310

7.6

106.

110

5.2

105.

710

7.9

98.2

105.

510

3.1

107.

0Q

211

3.1

119.

410

1.9

128.

710

8.3

107.

110

5.3

106.

810

7.6

97.3

105.

610

2.8

107.

3Q

311

2.2

115.

910

2.4

131.

410

9.4

107.

810

5.7

107.

010

8.4

95.5

106.

010

2.7

107.

5Q

411

2.3

113.

910

4.5

134.

411

0.2

108.

510

6.7

107.

510

9.6

95.5

106.

010

2.6

107.

7

2019

- Q

111

4.7

118.

010

5.0

137.

411

1.4

110.

410

9.1

108.

611

0.8

96.3

107.

510

3.3

108.

6Q

211

7.0

121.

510

6.1

141.

211

2.0

111.

611

0.4

109.

511

1.5

96.9

107.

710

5.3

109.

5Q

311

6.2

119.

910

5.8

139.

611

2.3

111.

911

0.5

109.

611

0.9

96.3

107.

710

4.6

109.

5

2019

-Jan

113.

411

6.3

104.

613

3.0

111.

210

9.8

107.

710

8.3

110.

395

.710

7.4

103.

210

8.1

Feb

114.

611

7.8

104.

713

7.4

111.

411

0.2

109.

010

8.5

110.

796

.210

7.5

103.

310

8.6

Mar

116.

211

9.8

105.

714

1.6

111.

611

1.1

110.

410

9.0

111.

497

.110

7.5

103.

410

9.0

Apr

116.

812

1.0

105.

914

1.8

111.

911

1.3

110.

510

9.3

111.

597

.110

7.7

103.

810

9.5

May

117.

212

1.7

106.

214

1.9

112.

211

1.8

110.

510

9.6

111.

597

.110

7.7

106.

010

9.5

Jun

117.

012

1.9

106.

214

0.0

112.

011

1.7

110.

310

9.5

111.

596

.510

7.7

106.

010

9.5

Jul

116.

612

1.0

106.

213

9.5

112.

011

1.8

110.

410

9.6

111.

596

.510

7.7

104.

210

9.5

Aug

116.

011

9.6

105.

513

9.5

112.

511

1.9

110.

410

9.5

110.

696

.210

7.7

104.

610

9.5

Sep

115.

911

9.2

105.

713

9.7

112.

511

1.9

110.

810

9.6

110.

696

.210

7.7

105.

010

9.5

Sour

ce:

Natio

nal B

urea

u of

Sta

tistic

s.

Note

s: Q

den

otes

qua

rter

38


Table 1.17 (ii): National Consumer Price Index (Urban and Rural), Twelve Months Percentage Change - Other selected groups

Base: Sep 2010 = 100

PeriodTotal non-food (All items less food)

All items less food and energy

Energy ang fuels (Combining electricity and other fuels for use at home

with petrol and diesel)

Old weights (%) 51.0 49.0 43.3 5.7

2013 16.3 12.4 9.9 27.7

2014 7.7 4.8 3.7 12.2

2015 8.6 1.8 2.3 -0.9

Base: Dec 2015 = 100

New weights (%) 37.1 62.9 54.3 8.7

2016 7.6 3.1 2.6 6.3

2017 9.6 3.2 2.0 10.5

2018 3.7 4.3 1.9 17.1

2017 - Q1 9.7 3.6 2.3 11.8

Q2 11.2 3.2 2.2 9.2

Q3 9.4 3.1 1.9 10.0

Q4 8.0 2.9 1.5 11.0

2018 - Q1 5.8 3.2 1.6 12.2

Q2 3.7 4.1 1.5 18.8

Q3 3.1 4.6 1.9 18.7

Q4 2.4 5.2 2.7 18.8

2019 - Q1 2.2 5.3 3.3 15.5

Q2 3.6 4.9 3.5 11.6

Q3 5.0 3.6 2.9 6.7

2019 - Jan 2.3 5.1 3.1 15.7

Feb 2.3 5.1 3.1 15.4

Mar 2.0 5.7 3.7 15.5

Apr 2.7 5.3 3.6 13.3

May 3.9 4.7 3.5 10.5

Jun 4.3 4.7 3.4 11.0

Jul 4.9 4.2 3.1 9.3

Aug 5.0 3.5 2.9 6.3

Sep 5.1 3.1 2.7 4.6

Source: National Bureau of Statistics

Notes: Q denotes quarter

Food and non-alcoholic beverages (Combining

food consumed at home and food consumed in

restaurants)

Non - food

39

1.0

Out

put a

nd P

rices

Tabl

e 1.

18: Z

anzi

bar C

onsu

mer

Pric

e In

dex,

Tw

elve

Mon

ths

Perc

enta

ge C

hang

e

Base

: Jan

201

7=10

0

All it

ems

Food

Non-

food

Food

and

no

n-al

coho

lic

beve

rage

s

Alco

hol b

ever

ages

, to

bacc

o an

d na

rcot

ics

Clot

hing

and

fo

otwe

ar

Hous

ing,

wat

er,

elec

tricit

y, g

as

and

othe

r fue

l

Furn

ishin

g, h

ouse

hold

eq

uipm

ent a

nd ro

utin

e ho

useh

old

mai

ntan

ance

He

alth

Tran

spor

tCo

mm

unica

tion

Recr

eatio

n an

d cu

lture

Educ

atio

nRe

stau

rant

s an

d ho

tels

M

iscel

lane

ous

good

s an

d se

rvice

s

New

weig

hts

(%)

100.

042

.757

.343

.60.

26.

918

.45.

52.

19.

64.

21.

31.

93.

92.

3

2017

Jan

3.7

3.5

3.8

3.5

3.7

4.0

4.0

1.6

8.7

2.0

-0.2

2.0

4.1

5.9

9.3

Feb

4.5

4.5

4.5

4.5

3.6

4.1

5.4

1.6

8.9

4.0

0.0

-1.3

4.2

5.7

9.3

Mar

6.4

7.2

5.8

7.2

3.6

4.3

6.8

1.3

9.0

8.4

0.0

0.4

4.2

5.7

9.2

April

7.

17.

07.

36.

93.

64.

212

.41.

19.

27.

30.

00.

44.

25.

87.

9

May

7.8

9.7

6.5

9.8

3.6

3.4

11.9

1.0

9.9

5.0

0.1

0.4

4.2

-3.2

7.4

Jun

5.4

4.2

6.6

4.6

3.6

6.8

11.3

1.8

6.5

4.3

-0.1

5.0

4.2

-3.2

6.9

Jul

4.1

2.4

5.7

2.7

3.3

5.7

9.9

2.0

6.6

2.7

-0.1

3.9

4.2

2 .7

4.3

Aug

5.5

5.6

5.6

6.1

3.3

5.4

10.7

1.4

4.1

1.1

0.0

3.0

4.2

1.0

2.3

Sep

5.9

7.3

4.8

7.9

3.3

3.8

11.9

1.7

4.9

-4.1

0.1

-2.8

4.2

0.8

1.2

Oct

6.4

6.7

6.0

6.8

3.3

4.4

11.7

2.0

4.7

5.4

0.0

3.0

4.2

2.1

1.0

Nov

5.0

4.3

5.3

4.3

3.3

4.5

9.5

1.6

4.6

5.2

0.0

2.6

4.2

1.5

0.9

Dec

5.9

6.4

5.5

6.2

3.3

4.1

10.1

1.8

4.6

5.2

0.2

2.8

4.2

2.8

0.4

2018

Jan

5.2

1.7

7.7

1.8

3.3

5.0

11.0

13.1

4.6

9.4

0.3

3.5

5.3

2.0

2.0

Feb

4.8

1.2

7.5

1.3

3.3

5.1

10.1

12.8

4.5

8.8

0.3

8.7

5.3

2.0

2.0

Mar

4.4

0.4

7.5

0.5

3.3

5.2

11.0

12.9

4.4

7.7

0.3

6.8

5.3

2.0

2.0

Apr

2.6

-1.4

5.4

-1.2

3.3

5.4

4.1

13.0

4.1

8.6

0.3

6.8

5.3

2.0

2.1

May

2.7

-0.4

5.2

-0.3

3.3

5.5

3.3

13.6

1.8

8.5

0.4

6.9

5.3

2.0

1.9

Jun

3.5

2.3

4.4

2.3

3.3

1.2

3.9

12.9

2.6

7.9

-0.9

2.7

5.3

2.0

2.5

Jul

3.8

1.9

5.4

1.9

0.0

1.4

6.0

12.8

2.8

10.9

-0.9

2.7

5.3

-2.4

2.4

Aug

3.9

2.0

5.5

1.9

4.9

1.4

5.7

13.3

2.6

11.4

-0.9

2.7

5.4

-0.9

2.4

Sep

3.5

0.0

6.2

0.0

6.7

2.3

3.4

13.8

1.9

18.7

-0.9

8.7

5.4

-0.9

2.4

Oct

3.7

2.7

4.5

2.6

6.6

1.6

3.9

12.9

2.1

8.7

-0.9

2.5

5.4

-0.8

2.5

Nov

4.4

3.5

5.2

3.4

6.6

3.0

4.9

12.8

1.5

8.9

-0.9

5.0

6.3

-0.3

4.1

Dec

3.5

2.3

4 .3

2.2

6.6

2.9

3.0

12.5

1.5

8.5

-1.1

4.8

6.3

-1.1

3.8

2019

Jan

3.0

3.7

2.4

3.6

6.9

1.8

1.5

2.9

4.0

4.1

-1.1

4.0

4.2

4.1

3.5

Feb

2.6

3.9

1.7

3.9

6.6

1.7

1.0

2.9

4.1

1.3

-1.1

2.4

4.2

4.1

3.5

Mar

2.8

3.0

2.8

3.0

6.6

0.1

1.6

2.7

4.1

1.1

14.5

2.4

4.2

4.1

3.5

Apr

2.9

3.3

2.6

3.3

6.6

0.4

0.8

3.3

4.7

0.5

14.5

2.3

4.2

4.1

4.0

May

3.1

2.3

3.6

2.3

6.6

1.8

2.8

3.0

3.4

2.2

14.2

2.9

4.2

4.1

4.9

Jun

2.7

2.4

2.9

2.4

6.6

1.6

0.4

2.5

3.1

2.7

15.8

4.2

4.2

4.1

4.3

Jul

2.4

1.7

2.8

1.7

18.0

1.0

-0.8

2.4

6.9

2.6

15.8

4.8

4.2

7.7

4.4

Aug

2.1

2.0

2.2

2.0

24.5

1.5

-1.7

2.3

7.3

0.9

15.8

4.7

4.0

6.0

4.9

Sep

2.2

1.5

2.7

1.5

22.4

1.8

-0.9

2.9

7.3

2.1

15.8

4.7

4.0

6.0

5.4

Sour

ce: O

ffice

of C

hief

Gov

ernm

ent S

tatis

ticia

n, Z

anzib

ar

40

2.0 Government Finance

Table 2.1: United Republic of Tanzania Government Budgetary Operations

Millions of TZS

ActualAnnual budget Jul - Sep Jul - SepP

Total revenue 23,045,337.5 5,399,143.4 4,966,869.9

Total revenue - central government 22,279,854.1 5,196,695.3 4,796,795.6

Tax revenue 18,955,186.2 4,446,092.9 4,228,074.8

Taxes on imports 6,723,512.1 1,617,726.8 1,542,903.5

Taxes on local goods and services 4,863,780.9 1,119,577.8 961,283.4

Income taxes 6,321,096.9 1,455,670.8 1,444,337.9

Other taxes 1,046,796.3 253,117.5 279,550.0

Non-tax revenue 3,324,667.9 750,602.4 568,720.9

LGA own resources 765,483.4 202,448.1 170,074.3

Total expenditure/1 27,669,093.8 5,345,627.7 4,289,496.7

Recurrent expenditure 15,420,491.5 3,636,309.2 3,032,703.9

Interest payments 2,426,262.0 497,548.1 493,751.9

Domestic/2 1,438,950.0 330,719.0 342,526.8

Foreign 987,312.0 166,829.1 151,225.1

Wages and salaries 7,558,974.4 1,789,824.2 1,711,323.3

Other goods, services and transfers 5,435,255.2 1,348,936.9 827,628.6

Development expenditure and net lending 12,248,602.3 1,709,318.5 1,256,792.9

Local 9,737,738.8 1,313,500.5 854,760.3

Foreign 2,510,863.5 395,818.0 402,032.6Balance (cheques issued) before grants -4,623,756.4 53,515.7 677,373.2

Grants 1,208,523.1 174,815.5 124,624.9

Program 146,822.1 0.0 0.0

Project 896,987.5 149,441.2 114,677.2

Basket funds 164,713.5 25,374.3 9,947.7

Balance (cheques issued) after grants -3,415,233.3 228,331.2 801,998.1

Adjustments to cash and other items (net) 0.7 0.0 -357,243.0

Expenditure float 0.0 0.0 -15,702.4

Overall balance -3,415,232.5 228,331.2 429,052.7

Financing 3,415,232.5 -228,331.2 -429,052.7

Foreign financing 1,915,458.4 1,611,664.2 1,725,852.3

Loans 3,891,556.4 2,074,122.5 2,117,970.7

Program loans 125,990.5 0.0 0.0

Development project loans 3,730,819.9 2,074,122.5 2,088,889.6

o/w: Non-concessional borrowing 2,316,403.6 1,853,120.0 1,840,563.0

Basket support 34,746.0 0.0 29,081.1

Amortization -1,976,098.0 -462,458.3 -392,118.3

Domestic financing 1,499,774.2 -1,839,995.4 -2,154,905.0

Banks and non-bank financing 1,499,774.2 -1,839,995.4 -2,154,905.0

Bank borrowing 1,043,537.5 -1,287,996.8 -2,606,286.0

Non-Bank (net of amortization) 456,236.7 -551,998.6 451,381.0

Borrowing/roll over 3,460,218.0 890,227.0 1,461,526.5

Amortization of contingent debt 0.0 0.0 0.0

Domestic amortisation/rollover -3,460,218.0 -890,227.0 -1,461,526.5Source: Ministry of Finance and Planning

Notes: /1 Exclude amortization and expenditure float, includes road fund and retention expenditures

/2 Domestic interest payments and amortization include cash and non-cash

LGA stands for Local Government Authority; o/w, of which; and p, provisional data

Estimates

2019/20

41


Table 2.2: Zanzibar Government Budgetary Operations

Millions of TZS

Actual

Annual budget Jul-Sep Jul-SepP

Total revenue 976,522.7 233,397.2 197,698.8

Tax revenue 859,693.7 207,545.5 177,271.8

Tax on imports 179,178.1 45,087.7 39,653.4

VAT and excise duties (local) 195,806.2 64,304.7 47,875.5

Income tax 192,013.5 40,594.0 34,703.5

Other taxes 292,695.9 57,559.1 55,039.4

Non-tax revenue 116,829.0 25,851.6 20,427.0

Total expenditure 1,419,382.0 338,197.2 291,765.0

Recurrent expenditure 842,382.0 236,677.0 221,997.4

Wages and salaries 362,759.9 93,719.0 91,180.8

Interest payment (Public debt) 14,122.1 0.0 0.0

Local 0.0 0.0 0.0

Foreign 0.0 0.0 0.0

Other expenditure 465,500.0 142,958.0 130,816.6

Development expenditure 577,000.0 101,520.2 69,767.6

Local 182,400.0 45,065.0 21,269.6

Foreign 394,600.0 56,455.2 48,498.0

Overall surplus/deficit before grants -442,859.3 -104,800.1 -94,066.2

Grants 103,574.5 5,484.8 12.7

4.5% Budget support 8,300.0 0.0 0.0

Debt relief 0.0 0.0 0.0

Project grant 95,274.5 5,484.8 12,658.3

Overall surplus/deficit after grants -339,284.8 -99,315.3 -81.4

Adjustment to cash and other items -184.8 -60,207.8 45.6

Overall deficit cheques cleared -339,100.0 -39,107.4 -35.8

Financing 339,100.0 39,107.4 35,809.6

Foreign 299,100.0 39,107.4 35,809.6

Import support 0.0 0.0 0.0

Program loans 299,100.0 39,107.4 35,809.6

Amortization (foreign) 0.0 0.0 0.0

Domestic (net) 40,000.0 0.0 0.0

Bank 0.0 0.0 0.0

Non-bank 40,000.0 0.0 0.0

Amortization (local) 0.0 0.0 0.0Source: Ministry of Finance and Planning, Zanzibar


Estimates

2019/20

42


Table 2.3: Outstanding Treasury Bills by Investor CategoryMillions of TZS

PeriodCommercial

banksOther banking

institutions

2014 2,906,466.8 18,000.0 2,296,936.9 2,291,303.3 5,633.7 378,657.2 154,313.3 58,559.4

2015 2,727,771.0 111,487.0 2,022,373.0 1,982,152.6 40,220.4 373,565.0 149,789.5 70,556.5

2016 3,685,581.3 157,183.5 2,286,264.2 2,276,287.9 9,976.3 859,442.2 303,043.6 79,647.8

2017 4,158,959.0 44,904.7 3,124,187.8 3,047,446.4 76,741.4 651,029.9 200,820.7 138,015.9

2018 2,877,070.8 428,611.8 1,600,819.4 1,572,398.3 28,421.1 466,010.4 126,063.3 255,565.9

2017-Jan 3,866,304.0 197,216.0 2,458,133.7 2,434,858.4 23,275.3 875,662.4 264,701.2 70,590.6

Feb 4,055,837.1 167,314.8 2,655,862.9 2,633,514.7 22,348.3 846,602.0 323,529.5 62,527.9

Mar 4,202,715.8 81,093.3 2,823,122.1 2,798,484.7 24,637.4 881,777.9 356,521.9 60,200.6

Apr 4,098,883.5 38,705.2 2,912,417.2 2,890,233.4 22,183.8 822,153.4 271,725.4 53,882.2

May 4,161,581.8 41,125.2 3,026,807.1 3,005,954.2 20,852.9 758,574.2 279,321.3 55,754.0

Jun 4,245,346.2 24,652.2 3,081,158.0 3,046,142.1 35,015.9 769,569.9 320,549.2 49,416.9

Jul 4,263,709.1 40,462.2 3,144,602.0 3,115,819.7 28,782.3 697,141.9 331,015.9 50,487.1

Aug 4,206,380.8 45,470.0 3,069,793.0 3,022,196.6 47,596.4 759,732.3 286,617.5 44,768.1

Sep 4,197,921.8 53,545.0 3,123,449.1 3,057,052.2 66,396.9 717,888.6 242,721.9 60,317.1

Oct 4,240,525.7 55,274.6 3,145,791.4 3,085,444.5 60,346.9 696,593.1 226,735.1 116,131.5

Nov 4,145,591.4 37,185.0 3,119,912.7 3,056,225.8 63,686.9 659,206.6 186,171.2 143,115.9

Dec 4,158,959.0 44,904.7 3,124,187.8 3,047,446.4 76,741.4 651,029.9 200,820.7 138,015.9

2018-Jan 4,180,658.2 2,550.0 3,186,047.3 2,711,328.7 474,718.6 630,458.6 197,020.7 164,581.6

Feb 3,579,557.3 3,850.0 2,670,007.2 2,597,523.1 72,484.2 558,199.1 185,246.9 162,254.1

Mar 3,427,195.6 0.0 2,555,176.4 2,480,792.3 74,384.2 568,087.8 159,096.9 144,834.5

Apr 3,343,294.8 22,033.4 2,425,263.4 2,357,227.9 68,035.6 576,541.2 151,096.2 168,360.5

May 3,218,720.7 50,734.1 2,313,282.4 2,260,733.8 52,548.6 457,168.1 156,450.0 241,086.1

Jun 3,244,781.4 125,871.4 2,130,258.1 2,098,031.7 32,226.4 590,394.8 157,781.7 240,475.5

Jul 3,194,657.2 67,857.5 2,147,165.9 2,118,254.8 28,911.1 607,982.3 163,686.4 207,965.1

Aug 3,100,235.2 162,627.4 1,961,496.5 1,929,045.7 32,450.8 569,229.4 158,062.4 248,819.6

Sep 3,114,302.9 192,427.9 1,934,817.6 1,893,784.3 41,033.3 570,882.1 155,527.4 260,647.9

Oct 3,023,428.6 146,358.0 1,890,057.6 1,849,535.4 40,522.2 572,808.1 155,314.2 258,890.7

Nov 2,910,910.5 206,806.5 1,809,307.3 1,776,302.9 33,004.4 475,902.2 157,578.9 261,315.7

Dec 2,877,070.8 428,611.8 1,600,819.4 1,572,398.3 28,421.1 466,010.4 126,063.3 255,565.9

2019-Jan 2,728,325.9 195,190.5 1,618,010.7 1,576,639.6 41,371.1 523,711.0 131,463.3 259,950.4

Feb 3,064,984.5 339,003.8 1,744,992.3 1,700,654.5 44,337.8 548,490.0 174,465.6 258,032.8

Mar 3,060,191.8 374,129.7 1,771,279.0 1,732,796.8 38,482.2 505,705.8 150,873.3 258,204.0

Apr 3,140,310.8 325,868.2 1,909,361.6 1,876,807.1 32,554.4 518,144.3 148,073.3 238,863.5

May 3,276,053.6 249,616.3 2,083,496.8 2,036,792.4 46,704.4 585,359.9 147,153.3 210,427.2

Jun 3,411,346.7 359,626.3 2,044,921.7 1,992,067.2 52,854.4 605,189.0 152,606.8 249,002.9

Jul 3,348,735.6 109,580.4 2,311,383.2 2,251,973.9 59,409.3 544,127.7 139,043.5 244,600.9

Aug 3,283,491.4 183,186.8 2,257,973.7 2,203,588.9 54,384.9 511,185.4 112,275.0 218,870.4

Sep 3,128,317.6 182,236.4 2,121,142.4 2,060,775.2 60,367.2 487,766.0 116,656.2 220,516.7Source: Bank of Tanzania

Other official entitiesTotal

Bank of Tanzania Banks

Of whichOther

financial institutions Private sector

43


Table 2.4: Central Government Outstanding Stocks, Bonds and Notes by HolderMillions of TZS

Bank Deposit Other End of of money Other financial Official Private period Tanzania banks banks institutions entities sector

2014 1,441,940.4 2,278,661.8 48,633.6 1,326,981.9 36,383.0 51,056.9 60,000.0 5,243,657.7

2015 1,439,750.4 2,380,214.9 71,397.5 1,688,662.2 49,417.0 64,445.0 101,519.4 5,795,406.5

2016 1,439,750.4 2,669,097.6 62,385.0 2,347,095.0 80,521.7 206,024.2 44,445.0 6,849,318.9

2017 1,334,750.4 3,837,615.1 37,607.3 3,280,296.8 127,504.1 74,879.6 299,509.3 8,992,162.6

2018 1,230,397.7 4,508,369.4 42,707.5 3,739,700.7 183,281.5 414,142.8 75,832.1 10,194,431.7

2016-Mar 1,439,750.4 2,501,606.9 70,817.5 1,824,449.8 58,691.3 125,616.8 44,445.0 6,065,377.8

Jun 1,439,750.4 2,566,385.8 69,687.5 1,950,765.2 54,475.4 140,191.4 44,445.0 6,265,700.8

Sep 1,439,750.4 2,544,718.1 70,591.0 2,146,041.0 57,402.1 171,380.5 44,445.0 6,474,328.2

Dec 1,439,750.4 2,669,097.6 62,385.0 2,347,095.0 80,521.7 206,024.2 44,445.0 6,849,318.9

2017-March 1,439,750.4 2,961,781.0 61,385.0 2,506,334.4 94,837.3 44,445.0 253,134.2 7,361,667.3

Jun 1,439,750.4 3,396,326.4 39,635.0 2,851,789.5 96,816.2 44,445.0 268,328.7 8,137,091.3

Sep 1,389,750.4 3,475,448.6 35,765.0 3,131,232.1 114,502.2 74,799.6 291,570.0 8,513,068.0

Dec 1,334,750.4 3,837,615.1 37,607.3 3,280,296.8 127,504.1 74,879.6 299,509.3 8,992,162.6

2018-March 1,334,750.4 4,375,462.2 43,007.3 3,415,304.7 164,224.1 333,771.2 74,879.6 9,741,399.6

Jun 1,334,750.4 4,552,811.4 47,019.5 3,564,759.2 192,824.4 350,345.5 74,879.6 10,117,390.1

Sep 1,264,897.7 4,625,651.4 45,219.5 3,644,518.8 195,092.7 374,716.1 75,832.1 10,225,928.3

Dec 1,230,397.7 4,508,369.4 42,707.5 3,739,700.7 183,281.5 414,142.8 75,832.1 10,194,431.7

2019-March 1,280,397.7 4,418,789.4 42,207.5 3,871,062.2 186,364.2 449,361.9 55,832.1 10,304,015.0

Jun 1,330,397.7 4,432,028.6 41,637.5 3,973,134.2 186,364.2 501,316.2 113,143.4 10,578,021.7

Sep 1,280,397.7 4,448,212.2 44,837.5 4,463,203.0 183,364.2 561,427.1 113,143.4 11,094,585.0Source: Bank of Tanzania

Note: All figures are in face value

Others Total

44

3.0

Mon

ey a

nd B

anki

ng

Tabl

e 3.

1: D

epos

itory

Cor

pora

tions

Sur

vey

Milli

ons

of T

ZS

Dom

estic

ass

ets

(net

)M

3,Ex

tend

ed B

road

Mon

ey

Do

mes

tic c

redi

t (ne

t)M

2,Br

oad

Mon

ey

M1,

Narro

w M

oney

Clai

ms

onTO

TAL

Curre

ncy

in

Fore

ign

Fore

ign

gove

rnm

ent

Oth

er it

ems

sum

(2:5

) or

circu

latio

n Tr

ansf

erab

le

Oth

ercu

rrenc

yas

sets

(net

)(n

et)

(net

)su

m(9

:12)

outs

ide

bank

sde

posit

sde

posit

sde

posit

ssu

m (9

,14)

Bank

rese

rves

12

34

56

78

910

1112

1314

2014

6,55

1,54

2.5

3,65

1,62

2.2

12,4

12,2

96.1

-4,0

01,3

09.5

18,6

14,1

51.4

13,9

17,0

41.5

8,28

4,15

5.7

3,24

4,72

4.9

5,03

9,43

0.8

5,63

2,88

5.8

4,69

7,10

9.8

5,90

9,47

5.3

2,66

4,75

0.4

2015

8,24

4,04

4.3

4,88

1,63

5.3

15,4

92,7

28.5

-6,5

03,0

92.8

22,1

15,3

15.2

15,7

80,1

15.4

9,57

5,69

8.5

3,67

8,50

3.5

5,89

7,19

5.1

6,20

4,41

6.9

6,33

5,19

9.8

6,83

3,08

8.2

3,15

4,58

4.7

2016

8,20

9,02

3.6

4,28

1,96

8.0

16,6

08,8

93.4

-6,3

39,4

72.8

22,7

60,4

12.1

16,5

23,2

31.9

9,98

6,71

5.9

3,60

8,71

0.4

6,37

8,00

5.5

6,53

6,51

6.0

6,23

7,18

0.2

6,85

4,37

0.1

3,24

5,65

9.7

2017

11,5

96,1

10.5

3,27

5,70

8.7

16,8

95,4

40.1

-7,0

52,9

34.7

24,7

14,3

24.6

18,3

49,9

32.9

11,1

55,3

09.0

3,83

1,60

4.4

7,32

3,70

4.5

7,19

4,62

3.9

6,36

4,39

1.7

6,95

4,41

5.2

3,12

2,81

0.8

2018

10,6

29,7

89.0

4,48

1,61

7.2

17,7

26,7

52.0

-7,0

14,7

04.9

25,8

23,4

53.2

19,0

40,3

89.4

11,7

23,6

79.1

3,86

6,66

8.4

7,85

7,01

0.7

7,31

6,71

0.3

6,78

3,06

3.8

6,99

2,88

2.1

3,12

6,21

3.7

2017

-Mar

8,38

8,19

7.8

4,01

1,33

3.1

16,6

15,5

50.0

-6,4

25,1

62.0

22,5

89,9

19.0

16,4

18,8

01.7

9,72

4,76

0.2

3,39

4,61

1.5

6,33

0,14

8.8

6,69

4,04

1.5

6,17

1,11

7.3

6,35

6,67

5.3

2,96

2,06

3.8

Jun

9,57

3,07

4.6

4,17

2,73

6.3

16,8

66,1

57.6

-6,7

46,5

86.1

23,8

65,3

82.4

17,6

87,4

95.3

10,8

71,3

19.1

3,61

5,31

3.6

7,25

6,00

5.5

6,81

6,17

6.2

6,17

7,88

7.1

6,82

7,06

7.0

3,21

1,75

3.3

Sep

10,3

96,6

78.5

3,27

9,13

0.8

16,7

48,7

96.3

-6,9

11,8

41.5

23,5

12,7

64.2

17,3

44,0

24.4

10,3

35,0

57.1

3,60

8,86

5.6

6,72

6,19

1.5

7,00

8,96

7.4

6,16

8,73

9.8

6,55

1,27

3.1

2,94

2,40

7.5

Dec

11,5

96,1

10.5

3,27

5,70

8.7

16,8

95,4

40.1

-7,0

52,9

34.7

24,7

14,3

24.6

18,3

49,9

32.9

11,1

55,3

09.0

3,83

1,60

4.4

7,32

3,70

4.5

7,19

4,62

3.9

6,36

4,39

1.7

6,95

4,41

5.2

3,12

2,81

0.8

2018

-Jan

11,3

80,7

66.0

3,98

9,60

0.1

16,9

23,4

69.3

-7,3

46,6

35.5

24,9

47,1

99.9

18,5

41,9

50.6

11,3

46,8

92.0

3,67

6,32

0.9

7,67

0,57

1.1

7,19

5,05

8.6

6,40

5,24

9.3

7,16

9,18

5.2

3,49

2,86

4.3

Feb

11,1

96,1

88.1

3,67

5,42

3.9

16,8

68,4

12.2

-6,8

60,2

64.0

24,8

79,7

60.2

18,1

79,6

96.3

10,9

75,2

26.3

3,61

4,13

9.5

7,36

1,08

6.8

7,20

4,47

0.0

6,70

0,06

3.9

7,14

3,21

3.6

3,52

9,07

4.1

2018

-Mar

10,8

81,1

58.6

4,03

6,95

5.2

16,8

14,2

98.6

-7,2

55,5

66.6

24,4

76,8

45.8

18,1

89,8

07.8

11,1

26,6

75.4

3,70

4,01

1.8

7,42

2,66

3.6

7,06

3,13

2.4

6,28

7,03

8.0

6,74

4,86

9.5

3,04

0,85

7.7

Jun

11,2

36,6

85.4

3,82

9,40

1.6

17,5

33,3

43.0

-7,3

04,8

90.7

25,2

94,5

39.4

18,9

51,2

16.5

11,7

61,9

52.0

3,92

6,24

5.8

7,83

5,70

6.2

7,18

9,26

4.6

6,34

3,32

2.8

7,13

6,63

1.1

3,21

0,38

5.3

Sep

11,6

31,0

06.3

3,91

0,73

4.0

17,5

69,3

60.0

-7,8

35,2

20.5

25,2

75,8

79.8

18,6

01,4

35.6

11,5

36,1

05.0

3,83

5,16

5.8

7,70

0,93

9.2

7,06

5,33

0.7

6,67

4,44

4.2

6,48

7,30

9.5

2,65

2,14

3.7

Dec

10,6

29,7

89.0

4,48

1,61

7.2

17,7

26,7

52.0

-7,0

14,7

04.9

25,8

23,4

53.2

19,0

40,3

89.4

11,7

23,6

79.1

3,86

6,66

8.4

7,85

7,01

0.7

7,31

6,71

0.3

6,78

3,06

3.8

6,99

2,88

2.1

3,12

6,21

3.7

2019

-Jan

10,1

40,8

35.6

4,06

4,35

8.0

18,1

65,0

34.8

-6,6

07,1

09.0

25,7

63,1

19.4

18,9

66,4

47.0

11,6

04,1

21.1

3,70

9,23

2.2

7,89

4,88

8.9

7,36

2,32

5.8

6,79

6,67

2.5

6,70

7,17

5.9

2,99

7,94

3.7

Feb

10,4

34,3

90.0

3,82

5,06

8.6

18,4

26,8

16.4

-6,8

17,5

84.5

25,8

68,6

90.5

19,2

77,1

42.0

11,7

13,4

49.1

3,73

3,88

8.0

7,97

9,56

1.1

7,56

3,69

3.0

6,59

1,54

8.5

6,84

0,73

9.5

3,10

6,85

1.5

Mar

r10

,019

,155

.03,

853,

565.

518

,436

,361

.5-6

,606

,252

.825

,702

,829

.218

,985

,498

.511

,594

,927

.63,

782,

775.

67,

812,

152.

17,

390,

570.

96,

717,

330.

76,

688,

376.

02,

905,

600.

5

Apr

9,40

9,49

0.7

4,71

4,26

9.2

18,6

41,5

40.1

-7,1

36,2

45.6

25,6

29,0

54.4

19,3

35,5

55.5

11,9

48,2

76.0

3,77

2,09

6.9

8,17

6,17

9.1

7,38

7,27

9.5

6,29

3,49

9.0

6,76

4,66

7.3

2,99

2,57

0.4

May

8,99

9,14

3.7

5,25

0,29

7.4

18,8

11,3

96.7

-7,1

15,2

73.1

25,9

45,5

64.8

19,6

27,2

11.0

12,1

97,1

49.9

3,92

5,69

3.6

8,27

1,45

6.3

7,43

0,06

1.1

6,31

8,35

3.8

6,97

3,94

4.1

3,04

8,25

0.6

Jun

9,62

6,32

5.1

6,21

2,80

0.8

18,8

61,0

62.7

-7,4

59,3

98.5

27,2

40,7

90.0

21,0

02,1

35.2

13,5

21,7

24.4

4,12

0,98

7.6

9,40

0,73

6.9

7,48

0,41

0.8

6,23

8,65

4.8

7,96

3,79

8.7

3,84

2,81

1.2

Jul

10,2

00,2

26.6

4,87

1,91

8.2

18,8

85,5

22.9

-7,0

27,6

58.1

26,9

30,0

09.7

20,3

98,5

95.4

13,0

18,3

78.9

4,11

5,06

6.0

8,90

3,31

2.9

7,38

0,21

6.5

6,53

1,41

4.2

7,26

2,42

4.8

3,14

7,35

8.8

Aug

11,2

94,0

59.5

3,74

5,67

7.5

19,0

19,6

70.2

-6,8

96,2

54.2

27,1

63,1

53.0

20,5

33,1

78.9

12,8

17,0

67.0

4,19

3,32

7.8

8,62

3,73

9.3

7,71

6,11

1.9

6,62

9,97

4.1

7,12

5,64

5.3

2,93

2,31

7.5

SepP

11,9

24,2

07.6

3,60

9,98

7.3

19,2

05,9

59.6

-7,0

98,9

33.7

27,6

41,2

20.9

20,4

30,1

35.4

12,6

76,9

39.6

4,13

0,31

8.0

8,54

6,62

1.6

7,75

3,19

5.8

7,21

1,08

5.5

7,21

8,80

8.7

3,08

8,49

0.7

Sour

ce: B

ank o

f Tan

zani

a

Note

: Oth

er d

epos

its in

clude

sav

ing

and

time

depo

sits

in n

atio

nal c

urre

ncy;

p de

note

s pr

ovis

iona

l dat

a

TOTA

L

s

um

(9:1

0)TO

TAL

sum

(9

:11)

Mem

oran

dum

item

:

End

of

perio

d

Clai

ms

on o

ther

do

mes

tic s

ecto

rs

(net

)

M0,

Res

erve

M

oney

Tota

lof

whi

ch:

45

3.0.

Mon

ey a

nd B

anki

ng

Tabl

e 3.

2: B

ank

of T

anza

nia

Ass

ets

Millio

ns o

f TZS

Lend

ingRe

valua

-Pr

emise

sIte

ms in

End

ofFo

reign

Gold

Quot

a in

Trea

sury

Othe

r to

tion

and

proc

ess o

fOt

her

perio

dex

chan

gere

serv

eIM

Fbil

ls se

curit

iesba

nks

acco

unt

equip

ment

colle

ction

asse

ts

2014

7,21

6,17

8.9

0.0

335,

250.

849

6,58

5.1

791,

792.

50.

01,

554,

085.

22,

345,

877.

756

,033

.2-9

14,9

01.0

1,03

0,94

5.6

657.

51,

291,

340.

711

,857

,968

.4

2015

8,48

7,18

3.5

0.0

275,

699.

559

2,79

6.0

1,38

7,90

3.2

0.0

1,61

3,80

7.7

3,00

1,71

0.9

147,

083.

2-1

,039

,215

.71,

047,

333.

212

5.3

1,25

3,59

7.8

13,7

66,3

13.6

2016

9,24

9,63

2.7

0.0

55,7

57.0

1,15

9,67

2.4

1,36

8,92

8.4

0.0

1,60

7,47

3.0

2,97

6,40

1.4

246,

297.

7-1

,520

,586

.51,

210,

493.

00.

01,

732,

111.

715

,109

,779

.5

2017

13,0

35,4

48.7

0.0

2,93

8.0

1,26

0,37

6.2

875,

380.

40.

01,

470,

463.

82,

345,

844.

275

,242

.0-1

,122

,935

.21,

276,

018.

317

.11,

334,

095.

618

,207

,044

.9

2018

11,3

19,0

97.1

0.0

60,9

83.9

1,26

2,08

8.6

2,03

8,17

4.3

0.0

1,39

4,79

6.9

3,43

2,97

1.2

465,

578.

5-1

,219

,882

.61,

317,

859.

00.

01,

411,

649.

118

,050

,344

.8

2017

-Mar

9,79

6,03

1.7

0.0

31,7

11.5

1,20

3,07

4.7

1,27

7,91

6.9

0.0

1,58

9,96

9.4

2,86

7,88

6.4

107,

993.

2-1

,520

,559

.81,

218,

388.

4-1

.61,

815,

104.

115

,519

,628

.5

Jun

10,9

70,8

94.0

0.0

29,0

43.7

1,23

4,83

6.5

1,79

3,80

5.3

0.0

1,56

2,24

5.6

3,35

6,05

0.9

79,3

93.2

-1,5

22,2

03.4

1,26

8,66

8.3

0.0

1,80

4,05

1.5

17,2

20,7

34.6

Sep

12,8

66,2

65.5

0.0

3,17

2.7

1,25

6,53

1.3

917,

463.

90.

01,

532,

208.

42,

449,

672.

480

,193

.2-1

,122

,894

.11,

267,

018.

90.

01,

343,

779.

918

,143

,739

.8

Dec

13,0

35,4

48.7

0.0

2,93

8.0

1,26

0,37

6.2

875,

380.

40.

01,

470,

463.

82,

345,

844.

275

,242

.0-1

,122

,935

.21,

276,

018.

317

.11,

334,

095.

618

,207

,044

.9

2018

-Mar

12,0

61,9

18.4

0.0

4,53

6.5

1,30

0,68

4.9

1,73

0,02

3.6

0.0

1,48

5,01

1.8

3,21

5,03

5.4

52,3

28.2

-1,1

23,0

22.0

1,28

4,77

6.1

0.0

1,35

5,64

9.9

18,1

51,9

07.5

Jun

12,4

32,2

45.4

0.0

3,89

1.2

1,26

6,80

2.9

2,19

8,65

0.8

0.0

1,46

3,64

5.4

3,66

2,29

6.2

211,

097.

2-1

,127

,724

.21,

310,

923.

20.

01,

335,

714.

519

,095

,246

.5

Sep

12,2

90,9

72.3

0.0

4,50

8.5

1,26

3,83

2.8

1,42

9,11

8.2

0.0

1,43

3,15

3.5

2,86

2,27

1.7

311,

303.

4-1

,127

,802

.51,

312,

901.

60.

01,

302,

797.

718

,220

,785

.6

Dec

11,3

19,0

97.1

0.0

60,9

83.9

1,26

2,08

8.6

2,03

8,17

4.3

0.0

1,39

4,79

6.9

3,43

2,97

1.2

465,

578.

5-1

,219

,882

.61,

317,

859.

00.

01,

411,

649.

118

,050

,344

.8

2019

-Jan

10,9

76,6

55.0

0.0

61,3

27.1

1,26

9,19

0.5

1,62

8,21

3.6

0.0

1,40

4,04

2.4

3,03

2,25

6.0

225,

956.

9-1

,219

,893

.21,

318,

120.

10.

01,

452,

577.

017

,116

,189

.5

Feb

11,2

72,9

01.8

0.0

33,7

35.0

1,27

2,71

6.8

1,20

3,93

9.6

0.0

1,39

1,44

7.1

2,59

5,38

6.6

463,

004.

1-1

,219

,975

.11,

318,

239.

50.

01,

452,

274.

417

,188

,283

.1

Mar

10,6

26,0

09.5

0.0

33,5

09.5

1,26

4,20

9.9

1,27

7,91

4.0

0.0

1,41

8,11

4.4

2,69

6,02

8.4

550,

871.

0-1

,220

,022

.91,

322,

687.

90.

01,

412,

174.

116

,685

,467

.4

Apr

9,91

1,74

5.4

0.0

33,6

19.5

1,25

8,96

9.3

1,91

9,69

3.5

0.0

1,37

0,19

1.3

3,28

9,88

4.8

439,

259.

4-1

,220

,044

.01,

323,

271.

128

.21,

456,

931.

916

,493

,665

.5

May

9,62

6,67

1.1

0.0

136,

396.

91,

254,

188.

92,

450,

927.

90.

01,

378,

812.

13,

829,

740.

039

7,61

9.8

-1,2

20,0

52.7

1,32

3,82

9.5

0.0

1,44

0,06

6.3

16,7

88,4

59.7

Jun

10,0

05,8

74.3

0.0

68,0

61.3

1,26

6,18

4.7

2,44

6,85

3.2

0.0

1,42

0,10

9.6

3,86

6,96

2.8

508,

195.

4-1

,224

,473

.31,

325,

792.

90.

01,

491,

869.

017

,308

,467

.1

Jul

10,8

32,4

63.3

0.0

67,3

29.3

1,25

2,56

7.5

2,41

3,63

3.7

0.0

1,32

4,83

9.3

3,73

8,47

4.0

180,

755.

3-1

,224

,711

.51,

323,

454.

00.

01,

479,

879.

717

,650

,211

.5

Aug

11,9

72,4

17.3

0.0

40,0

68.8

1,24

7,49

6.2

1,66

7,44

0.2

0.0

1,32

5,40

6.3

2,99

2,84

8.5

283,

039.

8-1

,224

,746

.01,

323,

616.

221

0.3

1,47

2,43

4.4

18,1

07,3

85.6

SepP

12,2

32,5

29.6

0.0

39,8

79.2

1,24

1,59

2.8

1,16

2,60

9.0

0.0

1,32

4,17

5.8

2,48

6,78

7.8

308,

179.

8-1

,224

,777

.51,

324,

330.

40.

01,

510,

291.

217

,918

,813

.4So

urce

: Ban

k of T

anza

nia

Note

: p d

enot

es p

rovis

iona

l dat

a

Tota

lTo

tal

SDRs

Adva

nces

Clai

ms o

n go

vern

ment

Fore

ign a

sset

s

46

3.0:

Mon

ey a

nd B

anki

ng

Tabl

e 3.

3: B

ank

of T

anza

nia

Liab

ilitie

s

Mill

ions

of T

ZS

End

ofCu

rrenc

y in

Cen

tral g

over

nmen

tO

ther

Fore

ign

Inte

rnat

iona

l Al

loca

tion

ofO

ther

Cap

ital a

nd

perio

d in

circ

ulat

ion

dep

osits

depo

sits

liabi

lities

Mon

etar

y Fu

nd S

DRs

liabi

lities

rese

rves

2014

3,82

8,37

6.6

1,98

9,20

4.9

2,48

8,06

4.9

182,

090.

69,

336.

81,

182,

569.

847

5,64

1.7

1,60

2,57

3.3

100,

109.

811

,857

,968

.4

2015

4,43

1,83

3.2

1,27

2,35

8.7

3,41

9,49

3.4

280,

626.

223

,423

.71,

236,

275.

956

7,79

4.9

2,43

4,50

7.5

100,

000.

013

,766

,313

.6

2016

4,30

5,46

4.2

2,30

5,40

5.0

2,99

8,81

5.6

1,08

5,04

5.4

14,8

15.9

1,59

0,75

2.8

555,

381.

72,

149,

207.

910

4,89

1.1

15,1

09,7

79.5

2017

4,69

7,21

1.7

4,24

5,51

6.0

3,23

2,41

7.9

1,14

3,70

7.5

78,8

25.3

1,46

6,44

5.1

603,

610.

02,

639,

316.

299

,995

.318

,207

,044

.9

2018

4,77

6,23

8.7

3,68

0,06

3.7

2,95

9,50

5.1

1,49

1,82

6.1

41,4

09.5

1,30

4,01

9.5

604,

430.

13,

093,

003.

499

,848

.818

,050

,344

.8

2017

-Mar

4,03

8,44

0.6

2,95

8,56

6.4

2,81

1,70

9.4

954,

854.

141

,021

.61,

585,

811.

357

6,16

7.6

2,44

8,16

7.0

104,

890.

515

,519

,628

.5

Jun

4,34

8,84

0.4

4,03

1,36

7.2

2,96

0,24

1.4

994,

175.

374

,981

.91,

551,

641.

259

1,37

8.7

2,56

8,10

9.2

99,9

99.3

17,2

20,7

34.6

Sep

4,27

5,64

5.1

4,16

0,65

5.8

3,01

6,57

0.3

1,09

9,41

9.6

687,

453.

31,

534,

282.

260

1,76

8.6

2,66

7,94

9.7

99,9

95.3

18,1

43,7

39.8

Dec

4,69

7,21

1.7

4,24

5,51

6.0

3,23

2,41

7.9

1,14

3,70

7.5

78,8

25.3

1,46

6,44

5.1

603,

610.

02,

639,

316.

299

,995

.318

,207

,044

.9

2018

-Mar

4,43

3,40

1.7

4,21

1,92

3.3

3,01

3,84

3.8

1,29

5,33

5.0

142,

346.

91,

452,

679.

462

2,91

4.3

2,87

9,46

7.8

99,9

95.3

18,1

51,9

07.5

Jun

4,63

9,20

2.1

4,71

8,37

7.4

3,27

0,43

8.8

1,77

4,38

9.1

158,

406.

91,

422,

967.

760

6,68

7.8

2,40

4,78

1.3

99,9

95.3

19,0

95,2

46.5

Sep

4,59

7,06

2.1

3,98

6,30

7.5

2,79

8,01

6.7

1,49

9,25

6.0

84,4

04.6

1,37

3,84

2.8

605,

265.

43,

008,

878.

926

7,75

1.5

18,2

20,7

85.6

Dec

4,77

6,23

8.7

3,68

0,06

3.7

2,95

9,50

5.1

1,49

1,82

6.1

41,4

09.5

1,30

4,01

9.5

604,

430.

13,

093,

003.

499

,848

.818

,050

,344

.8

2019

-Jan

4,51

0,65

8.1

3,42

4,17

5.3

2,82

0,51

9.9

1,44

9,01

4.6

103,

673.

81,

305,

292.

060

7,83

1.3

2,79

5,02

4.5

100,

000.

017

,116

,189

.5

Feb

4,53

9,30

4.9

3,21

7,39

5.9

2,83

8,63

1.4

1,63

0,16

9.1

147,

206.

91,

279,

404.

560

9,52

0.1

2,82

6,65

0.3

100,

000.

017

,188

,283

.1

Mar

4,61

0,34

3.6

3,15

3,64

7.7

2,51

2,89

7.1

1,49

9,42

8.8

149,

857.

31,

278,

057.

560

5,44

6.0

2,77

5,78

9.5

100,

000.

016

,685

,467

.4

Apr

4,65

9,41

2.4

2,96

3,32

7.3

2,52

5,84

5.0

1,53

9,26

0.3

50,5

38.9

1,27

7,22

7.6

602,

936.

22,

775,

117.

710

0,00

0.0

16,4

93,6

65.5

May

4,73

0,89

8.5

3,05

6,53

1.5

2,68

9,93

3.3

1,46

6,30

1.9

54,8

27.6

1,27

1,15

6.6

600,

646.

82,

818,

163.

510

0,00

0.0

16,7

88,4

59.7

Jun

4,94

4,32

3.1

2,21

5,22

6.5

3,51

3,31

6.0

1,79

4,34

7.2

109,

432.

81,

203,

416.

060

6,39

1.7

2,82

2,01

3.8

100,

000.

017

,308

, 467

.1

Jul

5,04

8,46

5.3

3,33

3,19

7.9

2,80

4,52

2.4

1,79

0,49

8.2

134,

030.

41,

205,

531.

859

9,87

0.3

2,42

9,89

9.4

304,

195.

817

,650

,211

.5

Aug

5,08

5,47

2.0

4,03

6,49

4.1

2,50

3,46

3.9

1,99

8,25

0.2

45,8

65.3

1,17

9,01

3.9

597,

441.

62,

353,

296.

530

8,08

8.2

18,1

07,3

85.6

SepP

5,07

3,49

9.6

3,53

2,95

0.1

2,64

2,34

8.8

2,20

4,91

9.5

58,4

22.6

1,17

8,52

6.8

594,

614.

42,

317,

686.

331

5,84

5.3

17,9

18,8

13.4

Sour

ce: B

ank

of T

anza

nia

Not

e: p

den

otes

pro

visio

nal d

ata

Tota

l

Oth

er d

epos

itory

co

rpor

atio

ns'

depo

sits

47

3.0.

Mon

ey a

nd B

anki

ng

Tabl

e 3.

4: T

anza

nia

Not

es in

Circ

ulat

ion

-/05

-/10

-/20

-/50

1/-

5/-

10/-

20/-

25/-

50/=

100/

-20

0/-

500

Tota

l-/0

5-/1

0-/2

0/5

01/

-5/

-10

/-20

/-25

/-50

/=10

0/-

200/

-50

0

2014

8.81

4.37

38.4

346

.04

167.

8444

1.09

824.

6996

7.58

11.7

79,

510.

9522

,083

.01

23,8

82.1

80.

0057

,986

.75

0.0

0.0

0.1

0.1

0.3

0.8

1.4

1.7

0.0

16.4

38.1

41.2

0.0

2015

8.80

4.36

38.4

146

.00

167.

5143

9.19

816.

9095

3.85

11.6

89,

475.

7822

,568

.44

25,4

75.5

06,

224.

3166

,230

.75

0.0

0.0

0.1

0.1

0.3

0.7

1.2

1.4

0.0

14.3

34.1

38.5

9.4

2016

8.80

4.36

38.4

146

.00

167.

5143

9.15

815.

3595

1.03

11.6

810

,449

.83

25,0

55.7

732

,680

.99

15,5

19.6

586

,188

.54

0.0

0.0

0.0

0.1

0.2

0.5

0.9

1.1

0.0

12.1

29.1

37.9

18.0

2017

8.80

4.36

38.4

146

.00

167.

5043

9.10

814.

5194

9.26

11.6

811

,317

.50

26,8

57.2

036

,616

.31

25,3

23.5

010

2,59

4.15

0.0

0.0

0.0

0.0

0.2

0.4

0.8

0.9

0.0

11.0

26.2

35.7

24.7

2018

8.80

4.36

38.4

146

.00

167.

5143

9.06

814.

1694

8.49

11.6

811

,878

.56

28,6

16.7

440

,606

.65

31,3

29.1

911

4,90

9.60

0.0

0.0

0.0

0.0

0.1

0.4

0.7

0.8

0.0

10.3

24.9

35.3

27.3

2017

-Mar

8.80

4.36

38.4

146

.00

167.

5143

9.13

815.

2095

0.36

11.6

810

,701

.43

25,5

64.3

333

,878

.49

18,6

30.8

191

,256

.53

0.0

0.0

0.0

0.1

0.2

0.5

0.9

1.0

0.0

11.7

28.0

37.1

20.4

Jun

8.80

4.36

38.4

146

.00

167.

5043

9.11

814.

6694

9.87

11.6

810

,915

.31

26,0

13.9

134

,669

.31

21,1

65.7

795

,244

.71

0.0

0.0

0.0

0.0

0.2

0.5

0.9

1.0

0.0

11.5

27.3

36.4

22.2

Sep

8.80

4.36

38.4

146

.00

167.

5043

9.11

814.

5694

9.41

11.6

811

,111

.24

26,4

08.3

835

,610

.19

23,4

20.8

099

,030

.42

0.0

0.0

0.0

0.0

0.2

0.4

0.8

1.0

0.0

11.2

26.7

36.0

23.7

Dec

8.80

4.36

38.4

146

.00

167.

5043

9.10

814.

5194

9.26

11.6

811

,317

.50

26,8

57.2

036

,616

.31

25,3

23.5

010

2,59

4.15

0.0

0.0

0.0

0.0

0.2

0.4

0.8

0.9

0.0

11.0

26.2

35.7

24.7

2018

-Mar

8.80

4.36

38.4

146

.00

167.

5043

9.08

814.

3494

9.02

11.6

811

,467

.43

27,2

62.6

037

,672

.21

26,8

46.2

210

5,72

7.67

0.0

0.0

0.0

0.0

0.2

0.4

0.8

0.9

0.0

10.8

25.8

35.6

25.4

Jun

8.80

4.36

38.4

146

.00

167.

5143

9.08

814.

2894

8.86

11.6

811

,587

.85

27,6

83.1

638

,727

.06

28,5

78.4

810

9,05

5.54

0.0

0.0

0.0

0.0

0.2

0.4

0.7

0.9

0.0

10.6

25.4

35.5

26.2

Sep

8.80

4.36

38.4

146

.00

167.

5143

9.07

814.

2994

8.81

11.6

811

,757

.15

28,2

55.7

839

,780

.25

30,2

61.0

911

2,53

3.20

0.0

0.0

0.0

0.0

0.1

0.4

0.7

0.8

0.0

10.4

25.1

35.3

26.9

Dec

8.80

4.36

38.4

146

.00

167.

5143

9.06

814.

1694

8.49

11.6

811

,878

.56

28,6

16.7

440

,606

.65

31,3

29.1

911

4,90

9.60

0.0

0.0

0.0

0.0

0.1

0.4

0.7

0.8

0.0

10.3

24.9

35.3

27.3

2019

-Jan

8.80

4.36

38.4

146

.00

167.

5143

9.06

814.

1594

8.49

11.6

811

,902

.63

28,7

19.4

240

,727

.11

31,6

87.3

311

5,51

4.96

0.0

0.0

0.0

0.0

0.1

0.4

0.7

0.8

0.0

10.3

24.9

35.3

27.4

Feb

8.80

4.36

38.4

146

.00

167.

5143

9.06

814.

1594

8.46

11.6

811

,943

.09

28,8

28.5

540

,915

.99

32,0

26.7

911

6,19

2.87

0.0

0.0

0.0

0.0

0.1

0.4

0.7

0.8

0.0

10.3

24.8

35.2

27.6

Marr

8.80

4.36

38.4

146

.00

167.

5143

9.06

814.

1594

8.47

11.6

811

,983

.24

28,9

68.6

541

,077

.20

32,4

82.6

211

6,99

0.14

0.0

0.0

0.0

0.0

0.1

0.4

0.7

0.8

0.0

10.2

24.8

35.1

27.8

Apr

8.80

4.36

38.4

146

.00

167.

5143

9.06

814.

1494

8.45

11.6

812

,020

.44

29,0

62.2

441

,241

.32

32,9

56.7

411

7,75

9.16

0.0

0.0

0.0

0.0

0.1

0.4

0.7

0.8

0.0

10.2

24.7

35.0

28.0

May

8.80

4.36

38.4

146

.00

167.

5143

9.06

814.

0894

8.29

11.6

812

,065

.43

29,2

25.1

541

,438

.27

33,5

89.5

411

8,79

6.58

0.0

0.0

0.0

0.0

0.1

0.4

0.7

0.8

0.0

10.2

24.6

34.9

28.3

Jun

8.80

4.36

38.4

146

.00

167.

5143

9.06

814.

0894

8.29

11.6

812

,107

.04

29,3

48.2

541

,635

.16

34,0

83.7

911

9,65

2.43

0.0

0.0

0.0

0.0

0.1

0.4

0.7

0.8

0.0

10.1

24.5

34.8

28.5

Jul

8.80

4.36

38.4

146

.00

167.

5143

9.06

814.

0894

8.29

11.6

812

,171

.20

29,5

35.0

541

,922

.44

34,9

64.9

712

1,07

1.87

0.0

0.0

0 .0

0.0

0.1

0.4

0.7

0.8

0.0

10.1

24.4

34.6

28.9

Aug

8.80

4.36

38.4

146

.00

167.

5143

9.06

814.

0894

8.29

11.6

812

,247

.27

29,7

26.5

642

,240

.48

35,6

89.2

812

2,38

1.79

0.0

0.0

0.0

0.0

0.1

0.4

0.7

0.8

0.0

10.0

24.3

34.5

29.2

SepP

8.80

4.36

38.4

146

.00

167.

5143

9.06

814.

0894

8.29

11.6

812

,309

.34

29,9

42.5

642

,624

.37

36,4

22.9

812

3,77

7.45

0.0

0.0

0.0

0.0

0.1

0.4

0.7

0.8

0.0

9.9

24.2

34.4

29.4

Sour

ce: B

ank o

f Tan

zania

Note:

/1 E

xclud

es co

mm

emor

ative

coins

; and

p de

notes

prov

ision

al da

ta

Millio

ns o

f TZS

Perc

ent o

f Tot

al En

d of

Pe

riod

48

3.0.

Mon

ey a

nd B

anki

ng

Tabl

e 3.

5: T

anza

nia

Coi

ns in

Circ

ulat

ion/

1

-/05

-/10

-/20

-/50

1/-5/-

10/-

20/-

25/-

50/=

100/-

200/-

500

Total

-/05

-/10

-/20

/501/-

5/-10

/-20

/-25

/-50

/=10

0/-20

0/-50

0

2014

8.81

4.37

38.43

46.04

167.8

444

1.09

824.6

996

7.58

11.77

9,510

.9522

,083.0

123

,882.1

80.0

057

,986.7

50.0

0.00.1

0.10.3

0.81.4

1.70.0

16.4

38.1

41.2

0.0

2015

8.80

4.36

38.41

46.00

167.5

143

9.19

816.9

095

3.85

11.68

9,475

.7822

,568.4

425

,475.5

06,2

24.31

66,23

0.75

0.00.0

0.10.1

0.30.7

1.21.4

0.014

.334

.138

.59.4

2016

8.80

4.36

38.41

46.00

167.5

143

9.15

815.3

595

1.03

11.68

10,44

9.83

25,05

5.77

32,68

0.99

15,51

9.65

86,18

8.54

0.00.0

0.00.1

0.20.5

0.91.1

0.012

.129

.137

.918

.0

2017

8.80

4.36

38.41

46.00

167.5

043

9.10

814.5

194

9.26

11.68

11,31

7.50

26,85

7.20

36,61

6.31

25,32

3.50

102,5

94.15

0.00.0

0.00.0

0.20.4

0.80.9

0.011

.026

.235

.724

.7

2018

8.80

4.36

38.41

46.00

167.5

143

9.06

814.1

694

8.49

11.68

11,87

8.56

28,61

6.74

40,60

6.65

31,32

9.19

114,9

09.60

0.00.0

0.00.0

0.10.4

0.70.8

0.010

.324

.935

.327

.3

2017

-Mar

8.80

4.36

38.41

46.00

167.5

143

9.13

815.2

095

0.36

11.68

10,70

1.43

25,56

4.33

33,87

8.49

18,63

0.81

91,25

6.53

0.00.0

0.00.1

0.20.5

0.91.0

0.011

.728

.037

.120

.4

Jun

8.80

4.36

38.41

46.00

167.5

043

9.11

814.6

694

9.87

11.68

10,91

5.31

26,01

3.91

34,66

9.31

21,16

5.77

95,24

4.71

0.00.0

0.00.0

0.20.5

0.91.0

0.011

.527

.336

.422

.2

Sep

8.80

4.36

38.41

46.00

167.5

043

9.11

814.5

694

9.41

11.68

11,11

1.24

26,40

8.38

35,61

0.19

23,42

0.80

99,03

0.42

0.00.0

0.00.0

0.20.4

0.81.0

0.011

.226

.736

.023

.7

Dec

8.80

4.36

38.41

46.00

167.5

043

9.10

814.5

194

9.26

11.68

11,31

7.50

26,85

7.20

36,61

6.31

25,32

3.50

102,5

94.15

0.00.0

0.00.0

0.20.4

0.80.9

0.011

.026

.235

.724

.7

2018

-Mar

8.80

4.36

38.41

46.00

167.5

043

9.08

814.3

494

9.02

11.68

11,46

7.43

27,26

2.60

37,67

2.21

26,84

6.22

105,7

27.67

0.00.0

0.00.0

0.20.4

0.80.9

0.010

.825

.835

.625

.4

Jun

8.80

4.36

38.41

46.00

167.5

143

9.08

814.2

894

8.86

11.68

11,58

7.85

27,68

3.16

38,72

7.06

28,57

8.48

109,0

55.54

0.00.0

0.00.0

0.20.4

0.70.9

0.010

.625

.435

.526

.2

Sep

8.80

4.36

38.41

46.00

167.5

143

9.07

814.2

994

8.81

11.68

11,75

7.15

28,25

5.78

39,78

0.25

30,26

1.09

112,5

33.20

0.00.0

0.00.0

0.10.4

0.70.8

0.010

.425

.135

.326

.9

Dec

8.80

4.36

38.41

46.00

167.5

143

9.06

814.1

694

8.49

11.68

11,87

8.56

28,61

6.74

40,60

6.65

31,32

9.19

114,9

09.60

0.00.0

0.00.0

0.10.4

0.70.8

0.010

.324

.935

.327

.3

2019

-Jan

8.80

4.36

38.41

46.00

167.5

143

9.06

814.1

594

8.49

11.68

11,90

2.63

28,71

9.42

40,72

7.11

31,68

7.33

115,5

14.96

0.00.0

0.00.0

0.10.4

0.70.8

0.010

.324

.935

.327

.4

Feb

8.80

4.36

38.41

46.00

167.5

143

9.06

814.1

594

8.46

11.68

11,94

3.09

28,82

8.55

40,91

5.99

32,02

6.79

116,1

92.87

0.00.0

0.00.0

0.10.4

0.70.8

0.010

.324

.835

.227

.6

Marr

8.80

4.36

38.41

46.00

167.5

143

9.06

814.1

594

8.47

11.68

11,98

3.24

28,96

8.65

41,07

7.20

32,48

2.62

116,9

90.14

0.00.0

0.00.0

0.10.4

0.70.8

0.010

.224

.835

.127

.8

Apr

8.80

4.36

38.41

46.00

167.5

143

9.06

814.1

494

8.45

11.68

12,02

0.44

29,06

2.24

41,24

1.32

32,95

6.74

117,7

59.16

0.00.0

0.00.0

0.10.4

0.70.8

0.010

.224

.735

.028

.0

May

8.80

4.36

38.41

46.00

167.5

143

9.06

814.0

894

8.29

11.68

12,06

5.43

29,22

5.15

41,43

8.27

33,58

9.54

118,7

96.58

0.00.0

0.00.0

0.10.4

0.70.8

0.010

.224

.634

.928

.3

Jun

8.80

4.36

38.41

46.00

167.5

143

9.06

814.0

894

8.29

11.68

12,10

7.04

29,34

8.25

41,63

5.16

34,08

3.79

119,6

52.43

0.00.0

0.00.0

0.10.4

0.70.8

0.010

.124

.534

.828

.5

Jul

8.80

4.36

38.41

46.00

167.5

143

9.06

814.0

894

8.29

11.68

12,17

1.20

29,53

5.05

41,92

2.44

34,96

4.97

121,0

71.87

0.00.0

0.00.0

0.10.4

0.70.8

0.010

.124

.434

.628

.9

Aug

8.80

4.36

38.41

46.00

167.5

143

9.06

814.0

894

8.29

11.68

12,24

7.27

29,72

6.56

42,24

0.48

35,68

9.28

122,3

81.79

0.00.0

0.00.0

0.10.4

0.70.8

0.010

.024

.334

.529

.2

SepP

8.80

4.36

38.41

46.00

167.5

143

9.06

814.0

894

8.29

11.68

12,30

9.34

29,94

2.56

42,62

4.37

36,42

2.98

123,7

77.45

0.00.0

0.00.0

0.10.4

0.70.8

0.09.9

24.2

34.4

29.4

Sour

ce: B

ank o

f Tan

zania

Note:

/1 E

xclud

es co

mm

emor

ative

coins

; and

p de

notes

prov

ision

al da

ta

Millio

ns of

TZS

Perce

nt of

Total

En

d of

Perio

d

3.0

Mon

ey a

nd B

anki

ng

Tabl

e 3.

6: C

omm

erci

al B

anks

Ass

ets

Millio

ns o

f TZS

End

ofDe

posit

with

Gov

ernm

ent

Oth

erLo

ans

and

perio

dBa

nk o

f Tan

zani

ase

curit

ies*

secu

ritie

sbi

llsFi

xed

asse

ts

2014

583,

651.

72,

450,

986.

83,

913,

908.

751

,015

.012

,766

,058

.81,

363,

272.

31,

206,

352.

710

4,34

0.8

996,

938.

923

,436

,525

.8

2015

753,

329.

73,

254,

339.

03,

727,

326.

764

,553

.615

,807

,127

.51,

472,

816.

51,

643,

062.

353

1,39

0.3

1,20

5,74

5.3

28,4

59,6

90.9

2016

696,

753.

82,

941,

613.

84,

058,

080.

810

9,64

4.4

16,9

17,5

89.9

1,54

6,30

1.9

1,33

9,80

1.8

329,

149.

11,

518,

670.

129

,457

,605

.720

1786

5,60

7.2

3,27

6,96

0.8

5,59

4,44

4.1

87,6

35.7

17,2

01,3

46.7

2,08

4,93

5.9

1,35

9,61

1.9

261,

080.

61,

735,

929.

732

,467

,552

.620

1890

9,57

0.2

2,89

0,13

8.0

4,99

3,55

6.3

52,8

83.9

17,8

91,4

37.7

2,00

7,56

4.4

1,85

7,75

4.5

347,

459.

71,

898,

147.

832

,848

,512

.5

2017

-Mar

643,

829.

12,

844,

653.

34,

635,

350.

551

,691

.417

,029

,627

.21,

870,

648.

51,

156,

214.

528

6,93

1.1

1,58

7,11

5.0

30,1

06,0

60.7

Jun

733,

526.

82,

893,

103.

95,

221,

839.

971

,607

.717

,268

,985

.21,

865,

435.

01,

275,

346.

927

2,04

9.9

1,64

1,19

6.1

31,2

43,0

91.5

Sep

666,

779.

53,

023,

926.

25,

299,

718.

673

,712

.917

,175

,677

.31,

979,

607.

71,

157,

815.

729

8,58

6.9

1,69

0,33

5.4

31,3

66,1

60.2

Dec

865,

607.

23,

276,

960.

85,

594,

444.

187

,635

.717

,201

,346

.72,

084,

935.

91,

359,

611.

926

1,08

0.6

1,73

5,92

9.7

32,4

67,5

52.6

2018

-Mar

729,

389.

93,

232,

224.

25,

545,

175.

996

,363

.617

,057

,821

.42,

273,

938.

51,

563,

686.

720

7,98

8.0

1,81

1,95

5.1

32,5

18,5

43.3

Jun

712,

956.

33,

151,

151.

25,

370,

807.

511

7,87

1.6

17,7

71,3

34.3

2,20

3,32

1.4

1,66

7,86

6.7

202,

338.

01,

837,

619.

633

,035

,266

.6

Sep

761,

987.

12,

722,

682.

15,

300,

745.

454

,704

.717

,694

,965

.31,

978,

103.

01,

640,

037.

352

2,95

9.7

1,89

2,90

5.4

32,5

69,0

90.0

Decr

909,

570.

22,

890,

138.

04,

993,

556.

352

,883

.917

,891

,437

.72,

007,

564.

41,

857,

754.

534

7,45

9.7

1,89

8,14

7.8

32,8

48,5

12.5

2019

-Jan

801,

425.

92,

864,

573.

75,

097,

434.

862

,992

.018

,335

,058

.92,

067,

110.

81,

712,

915.

341

4,57

5.7

1,95

2,81

3.1

33,3

08,9

00.2

Feb

805,

416.

92,

824,

036.

25,

105,

351.

858

,277

.318

,613

,134

.42,

156,

451.

61,

727,

537.

046

6,36

0.2

1,94

6,84

1.0

33,7

03,4

06.3

Mar

827,

568.

12,

561,

773.

04,

995,

752.

859

,168

.218

,833

,113

.92,

317,

580.

11,

862,

153.

452

3,12

1.4

1,94

3,67

6.3

33,9

23,9

07.2

Apr

887,

315.

52,

594,

015.

85,

105,

093.

063

,805

.018

,946

,969

.72,

208,

020.

01,

793,

448.

556

8,08

5.8

1,96

4,03

8.5

34,1

30,7

92.0

May

805,

205.

02,

744,

193.

05,

190,

451.

765

,144

.319

,144

,304

.32,

224,

836.

11,

722,

760.

562

5,86

9.5

1,96

7,75

2.5

34,4

90,5

16.9

Jun

823,

335.

53,

517,

553.

95,

276,

896.

772

,555

.519

,157

,611

.32,

227,

276.

71,

772,

381.

379

1,05

9.8

1,97

6,67

6.1

35,6

15, 3

46.7

Jul

933,

399.

32,

976,

477.

75,

226,

737.

376

,464

.219

,215

,346

.32,

227,

668.

31,

803,

649.

760

8,83

9.2

1,99

3,15

2.0

35,0

61,7

34.1

Aug

892,

144.

22,

656,

289.

75,

375,

550.

486

,429

.519

,452

,767

.22,

224,

936.

31,

783,

403.

862

5,96

8.0

1,97

8,84

1.2

35,0

76,3

30.3

SepP

943,

181.

62,

706,

425.

05,

162,

192.

382

,091

.619

,730

,959

.22,

202,

462.

22,

112,

375.

058

3,88

5.5

2,01

9,22

6.2

35,5

42,7

98.8

Sour

ce: B

anks

and

Ban

k of T

anza

nia

com

puta

tions

Note

: * in

clude

s Tr

easu

ry bi

lls a

nd T

reas

ury b

onds

; and

p d

enot

es p

rovis

iona

l dat

a

Liqu

idO

ther

sO

ther

Cash

Tota

l

F

orei

gn a

sset

s D

omes

tic a

sset

s

49

50

3.0

Mon

ey a

nd B

anki

ng

Tabl

e 3.

7: C

omm

erci

al B

anks

Lia

bilit

ies

M

illio

ns o

f TZS

Dom

estic

liabi

lities

Due

to B

ank

Due

to o

ther

Due

to fo

reig

nDu

e to

Capi

tal a

ndof

Tan

zani

aba

nks

bank

sot

her

rese

rves

2014

15,1

95,9

22.5

0.0

941,

622.

73,

213,

162.

861

8,95

0.5

520,

667.

12,

946,

200.

223

,436

,525

.8

2015

18,1

60,7

33.2

0.0

1,17

4,12

8.5

3,86

3,58

7.6

558,

479.

490

0,11

3.3

3,80

2,64

8.9

28,4

59,6

90.9

2016

18,1

88,7

06.3

1.0

1,46

6,39

5.4

3,73

0,39

1.4

413,

906.

81,

350,

132.

34,

308,

072.

529

,457

,605

.7

2017

19,8

24,5

61.1

8,50

1.0

1,74

9,05

5.4

4,01

5,88

9.9

381,

117.

41,

793,

347.

04,

695,

080.

832

,467

,552

.6

2018

20,5

62,8

27.0

106,

750.

01,

646,

188.

63,

540,

200.

247

3,48

5.7

1,79

4,25

0.1

4,72

4,81

0.8

32,8

48,5

12.5

2017

-Mar

18,2

47,6

81.2

6,00

1.0

1,63

0,96

3.0

3,94

8,41

0.8

445,

401.

11,

437,

364.

14,

390,

239.

430

,106

,060

.7

Jun

19,4

19,3

14.6

3,98

6.6

1,52

2,23

8.8

3,89

6,72

8.2

449,

313.

51,

541,

781.

24,

409,

728.

631

,243

,091

.5

Sep

18,8

87,1

01.5

8,50

1.0

1,84

5,89

1.7

3,70

3,97

4.6

435,

249.

81,

926,

939.

74,

558,

501.

931

,366

,160

.2

Dec

19,8

24,5

61.1

8,50

1.0

1,74

9,05

5.4

4,01

5,88

9.9

381,

117.

41,

793,

347.

04,

695,

080.

832

,467

,552

.6

2018

-Mar

19,5

71,4

99.0

8,50

1.0

1,87

4,49

3.0

4,32

8,43

3.3

342,

307.

41,

697,

408.

04,

695,

901.

532

,518

,543

.3

Jun

19,8

91,4

42.4

9,61

2.9

1,87

1,15

4.8

4,45

4,97

2.5

377,

298.

91,

771,

097.

54,

659,

687.

533

,035

,266

.6

Sep

20,0

40,7

29.6

85,9

98.1

1,63

1,08

2.1

4,03

9,40

3.6

507,

999.

61,

519,

774.

34,

744,

460.

432

,569

,447

.6

Dec

20,5

62,8

27.0

106,

750.

01,

646,

188.

63,

540,

200.

247

3,48

5.7

1,79

4,25

0.1

4,72

4,81

0.8

32,8

48,5

12.5

2019

-Jan

20,7

05,6

79.3

114,

802.

31,

094,

944.

04,

365,

729.

934

4,67

7.8

1,93

2,35

3.1

4,75

0,71

3.9

33,3

08,9

00.2

Feb

20,6

08,4

63.9

72,5

70.5

1,17

2,47

3.6

4,78

4,19

0.0

305,

524.

01,

997,

205.

34,

762,

979.

033

,703

,406

.3

Mar

r20

,525

,039

.966

,945

.01,

327,

065.

15,

016,

408.

642

0,23

9.6

1,83

6,24

8.3

4,73

1,96

0.7

33,9

23,9

07.2

Apr

20,4

22,9

20.6

71,5

27.5

1,04

7,01

8.6

5,52

9,72

5.1

446,

318.

31,

779,

356.

84,

833,

925.

134

,130

,792

.0

May

20,6

40,4

28.5

41,0

00.0

1,19

2,97

3.3

5,37

8,33

4.2

420,

460.

22,

019,

652.

04,

797,

668.

734

,490

,516

.9

Jun

21,4

06,8

63.8

76,4

76.5

1,19

9,75

3.7

5,78

2,85

1.5

474,

405.

61,

883,

590.

14,

791,

405.

635

,615

,346

.7

Jul

21,1

09,5

44.1

43,0

00.0

930,

662.

55,

717,

132.

446

6,85

1.8

1,95

8,33

8.1

4,83

6,20

5.2

35,0

61,7

34.1

Aug

21,0

57,5

45.4

62,5

05.5

946,

854.

75,

579,

017.

541

9,99

3.2

2,13

2,98

0.7

4,87

7,43

3.4

35,0

76,3

30.3

SepP

21,3

86,2

86.1

59,5

50.0

1,03

4,99

7.0

5,68

5,07

9.4

424,

708.

52,

029,

782.

24,

922,

395.

535

,542

,798

.8So

urce

: Ban

ks a

nd B

ank

of T

anza

nia

com

puta

tions

Not

e: p

den

otes

pro

visio

nal d

ata

Tota

lDe

posit

sO

ther

End

of p

erio

d

Fore

ign

liabi

lities

51

3.0.

Mon

ey a

nd B

anki

ng

Tabl

e 3.

8: C

omm

erci

al B

anks

Dom

estic

Ass

ets

Millio

ns o

f TZS

End

of p

erio

d

2014

3,03

4,63

8.5

498,

356.

34,

105,

573.

383

9,92

6.5

83,1

10.1

10,9

25,4

64.1

2,63

8,76

3.4

22,1

25,8

32.2

2015

4,00

7,66

8.7

596,

052.

84,

011,

058.

21,

059,

716.

148

,825

.413

,654

,275

.22,

907,

642.

026

,285

,238

.3

2016

3,63

8,36

7.6

497,

251.

54,

190,

516.

11,

229,

992.

166

,672

.114

,693

,432

.73,

472,

422.

827

,788

,654

.8

2017

4,14

2,56

8.1

479,

758.

25,

735,

958.

780

9,34

5.2

76,3

56.3

15,4

20,3

68.1

4,18

2,50

5.6

30,8

46,8

60.2

2018

3,79

9,70

8.2

654,

653.

95,

089,

523.

459

4,85

3.4

84,9

41.3

16,3

00,8

73.2

4,11

8,74

4.9

30,6

43,2

98.3

2017

-Mar

3,48

8,48

2.4

567,

977.

24,

761,

974.

71,

115,

116.

839

,248

.914

,777

,415

.73,

912,

699.

228

,662

,915

.0

Jun

3,62

6,63

0.7

605,

542.

15,

353,

774.

583

0,13

2.0

39,6

55.8

15,2

78,7

27.4

3,96

1,23

2.1

29,6

95,6

94.6

Sep

3,69

0,70

5.7

587,

328.

65,

430,

813.

084

3,02

6.6

75,5

38.3

15,1

32,3

92.9

4,14

9,95

2.6

29,9

09,7

57.7

Dec

4,14

2,56

8.1

479,

758.

25,

735,

958.

780

9,34

5.2

76,3

56.3

15,4

20,3

68.1

4,18

2,50

5.6

30,8

46,8

60.2

2018

-Mar

3,96

1,61

4.0

553,

428.

25,

662,

708.

277

0,86

5.2

76,3

22.5

15,3

13,9

85.4

4,40

7,94

4.9

30,7

46,8

68.5

Jun

3,86

4,10

7.5

540,

333.

15,

462,

405.

876

3,64

8.7

89,9

85.0

16,0

52,3

10.8

4,39

2,27

1.0

31,1

65,0

61.8

Sep

3,48

4,55

2.8

1,17

8,69

3.5

5,37

8,54

5.4

1,16

8,53

4.0

84,2

82.7

15,0

54,4

75.4

4,05

7,38

4.4

30,4

06,4

68.2

Dec

3,79

9,70

8.2

654,

653.

95,

089,

523.

459

4,85

3.4

84,9

41.3

16,3

00,8

73.2

4,11

8,74

4.9

30,6

43,2

98.3

2019

-Jan

3,66

5,99

9.6

517,

163.

15,

184,

844.

459

8,87

9.8

85,3

18.5

16,8

70,7

16.3

4,25

8,48

7.5

31,1

81,4

09.2

Feb

3,62

9,45

3.1

531,

034.

35,

264,

801.

456

1,39

5.5

86,6

66.3

17,1

52,9

66.2

4,28

3,19

2.4

31,5

09,5

09.0

Mar

r3,

389,

341.

189

6,27

3.4

5,18

0,38

7.5

550,

614.

486

,010

.316

,809

,434

.84,

626,

570.

831

,538

,632

.4

Apr

3,48

1,33

1.4

1,66

1,92

0.0

5,28

9,88

0.3

508,

878.

388

,208

.816

,237

,675

.24,

501,

363.

731

,769

,257

.7

May

3,54

9,39

7.9

968,

177.

35,

382,

261.

650

6,69

1.3

81,1

37.3

17,1

15,8

18.3

4,53

8,40

3.1

32,1

41,8

86.9

Jun

4,34

0,88

9.4

972,

549.

55,

462,

987.

452

6,81

1.8

56,8

00.7

17,1

69,0

06.0

4,52

2,86

0.8

33,0

51,9

05.7

Jul

3,90

9,87

7.0

920,

691.

35,

412,

519.

531

1,70

4.4

40,5

28.5

17,4

79,8

16.5

4,57

4,10

7.9

32,6

49,2

45.2

Aug

3,54

8,43

3.9

916,

314.

85,

728,

817.

348

3,12

3.3

87,0

25.4

17,3

97,8

82.5

4,50

5,36

1.3

32,6

66,9

58.6

SepP

3,64

9,60

6.6

895,

834.

45,

512,

057.

944

2,00

0.1

85,2

63.7

17,6

44,3

64.3

4,61

7,41

1.3

32,8

46,5

38.3

Sour

ce: B

anks

and

Ban

k of T

anza

nia

com

puta

tions

Note

: p d

enot

es p

rovis

iona

l dat

a

Publ

ic no

n-fin

ancia

l co

rpor

atio

nsTo

tal

Cent

ral g

over

nem

ntSt

ate

and

loca

l go

vern

men

tBa

nk o

f Tan

zani

aO

ther

fina

ncia

l co

rpor

atio

nPr

ivate

sec

tor

Oth

er a

sset

s

52

3.0.

Mon

ey a

nd B

anki

ng

Tabl

e 3.

9: C

omm

erci

al B

anks

Dom

estic

Len

ding

and

Hol

ding

of S

ecur

ities

Millio

ns o

f TZS

2014

0.0

428,

087.

438

9,38

1.3

190,

214.

783

,110

.183

9,88

0.0

6,32

9,95

0.8

4,50

5,43

4.6

103,

752.

312

,869

,811

.175

.6

2015

0.0

425,

755.

945

3,10

4.0

283,

731.

448

,825

.41,

059,

669.

77,

794,

112.

75,

741,

928.

453

0,63

8.0

16,3

37,7

65.5

81.4

2016

0.0

629,

310.

631

7,48

0.7

132,

435.

366

,672

.11,

229,

946.

48,

767,

305.

35,

774,

439.

632

8,39

4.1

17,2

45,9

84.1

87.3

2017

0.0

634,

245.

825

5,04

5.6

141,

514.

676

,356

.380

9,29

9.0

9,19

4,92

1.0

6,08

9,96

4.5

260,

173.

317

,461

,520

.081

.9

2018

0.0

445,

876.

542

9,61

6.1

95,9

67.1

84,9

41.3

594,

807.

49,

519,

421.

06,

720,

808.

334

6,55

2.1

18,2

37,9

89.8

82.6

2017

-Mar

0.0

713,

710.

735

1,38

9.2

126,

624.

239

,248

.91,

115,

071.

18,

855,

978.

35,

827,

604.

828

6,04

1.3

17,3

15,6

68.6

86.9

Jun

0.0

762,

344.

034

6,98

3.8

131,

934.

639

,655

.883

0,08

5.7

9,14

0,42

4.3

6,01

7,55

6.9

271,

157.

117

,540

,142

.384

.1

Sep

0.0

782,

056.

634

1,84

5.2

131,

094.

475

,538

.384

2,98

0.4

9,07

5,31

6.2

5,92

6,84

6.4

297,

689.

717

,473

,366

.986

.1

Dec

0.0

634,

245.

825

5,04

5.6

141,

514.

676

,356

.380

9,29

9.0

9,19

4,92

1.0

6,08

9,96

4.5

260,

173.

317

,461

,520

.081

.9

2018

-Mar

0.0

649,

843.

627

3,67

2.0

117,

532.

376

,322

.577

0,31

9.0

8,73

3,59

7.5

6,43

6,53

4.6

207,

072.

617

,264

,894

.081

.4

Jun

0.0

695,

704.

623

8,61

9.6

91,5

98.3

89,9

85.0

763,

102.

68,

993,

993.

96,

898,

330.

320

1,43

2.7

17,9

72,7

67.0

83.2

Sep

0.0

492,

313.

790

2,86

6.3

77,8

00.0

84,2

82.7

1,16

8,48

7.9

8,42

8,12

7.0

6,54

1,17

8.4

522,

053.

018

,217

,109

.085

.0

Dec

0.0

445,

876.

542

9,61

6.1

95,9

67.1

84,9

41.3

594,

807.

49,

519,

421.

06,

720,

808.

334

6,55

2.1

18,2

37,9

89.8

82.6

2019

-Jan

0.0

437,

456.

732

4,79

1.7

87,4

09.7

85,3

18.5

598,

879.

89,

999,

969.

96,

801,

232.

741

3,66

8.0

18,7

48,7

26.8

83.9

Feb

0.0

424,

156.

833

7,79

5.5

159,

449.

686

,666

.356

1,39

5.5

10,1

29,8

46.6

6,91

3,82

4.1

465,

451.

219

,078

,585

.685

.8

Mar

0.0

633,

351.

567

9,09

4.8

184,

634.

886

,010

.355

0,61

4.4

9,59

1,91

1.7

7,10

7,49

6.4

505,

687.

519

,338

,801

.486

.2

Apr

0.0

610,

145.

01,

424,

047.

818

4,78

7.3

88,2

08.8

508,

832.

29,

044,

981.

47,

085,

967.

355

3,69

5.8

19,5

00,6

65.5

87.6

May

0.0

668,

622.

368

9,08

1.1

191,

809.

981

,137

.350

6,64

5.2

9,78

9,66

5.6

7,21

7,34

2.9

611,

508.

719

,755

,812

.987

.6

Jun

0.0

644,

240.

368

9,26

5.9

186,

090.

656

,800

.752

6,76

5.7

9,90

2,74

5.0

7,15

1,70

3.1

776,

697.

319

,934

,308

.685

.3

Jul

0.0

671,

760.

564

1,53

0.9

185,

782.

240

,528

.531

1,65

8.4

10,0

52,9

10.7

7,31

1,17

5.1

594,

477.

919

,809

,824

.286

.0

Aug

0.0

621,

777.

763

1,81

1.6

353,

266.

887

,025

.448

3,12

0.2

9,75

9,59

2.7

7,51

6,17

2.8

611,

607.

420

,064

,374

.687

.6

SepP

0.0

699,

694.

362

8,38

5.8

349,

865.

585

,263

.744

1,99

7.0

9,49

4,82

0.1

8,03

0,93

2.7

569,

526.

720

,300

,485

.987

.4So

urce

: Ban

ks a

nd B

ank o

f Tan

zani

a co

mpu

tatio

ns

Note

: p d

enot

es p

rovis

iona

l dat

a

Lend

ing

to

depo

sit ra

tioEn

d of

per

iod

Tota

lLo

ans

to n

on-

resid

ents

Loan

s to

oth

er

resid

ent

sect

ors

Loan

s ot

her

non-

finan

cial

corp

orat

ions

Loan

s ce

ntra

l go

vern

men

t

Loan

s to

oth

er

depo

sitor

y co

rpor

atio

ns

Loan

s to

the

cent

ral b

ank

(Rep

os)

Loan

s pu

blic

non -

finan

cial

corp

orat

ions

Loan

s st

ate

and

loca

l go

vern

men

t

Loan

s to

oth

er

finan

cial

corp

orat

ions

53

3.0.

Mon

ey a

nd B

anki

ng

Tabl

e 3.

10: C

omm

erci

al B

anks

Dom

estic

Len

ding

by

Econ

omic

Act

ivity

Mill

ions

of T

ZS

End

of

perio

d

Agric

ultu

re,

hunt

ing

and

fore

st

Fish

ing

Fina

ncia

l in

term

edia

ries

Min

ing

and

quar

ryin

gM

anuf

actu

ring

Bu

ildin

g an

d co

nstru

ctio

nRe

al e

stat

e an

d le

asin

gM

ortg

age

Tran

spor

tatio

n an

d co

mm

unica

tion

Trad

eTo

urism

Hote

ls an

d re

stau

rant

sW

areh

ousin

g an

d st

orag

eEl

ectic

ity

Gas

W

ater

Educ

atio

nHe

alth

Pers

onal

and

ot

her

serv

ices

Tota

l

2014

1,08

5,55

5.2

36,5

58.4

310,

711.

616

6,27

5.2

1,38

6,23

6.9

660,

147.

855

6,74

8.3

0.0

925,

723.

92,

652,

057.

012

9,47

8.1

436,

101.

118

,589

.544

0,93

6.5

185,

807.

74,

257.

240

9,42

2.3

78,7

42.1

2,62

8,41

3.8

12,1

11,7

62.6

2015

1,20

6,26

2.1

43,5

15.8

404,

605.

827

5,23

3.3

1,69

5,76

7.4

741,

401.

072

9,42

3.8

0.0

1,23

1,80

5.7

3,07

7,68

3.0

176,

626.

351

4,64

2.0

20,6

45.5

439,

801.

034

2,37

6.6

15,3

98.4

514,

186.

712

3,32

5.3

3,55

1,94

4.6

15,1

04,6

44.3

2016

1,13

1,88

5.4

48,4

00.1

388,

745.

232

8,62

0.4

1,62

7,76

6.0

740,

726.

886

7,61

1.2

0.0

1,18

0,90

4.6

3,34

9,32

8.7

198,

482.

052

6,39

0.2

16,7

89.0

429,

919.

245

9,27

3.3

14,7

80.6

593,

996.

811

3,50

3.7

3,98

7,98

0.0

16,0

05,1

03.2

2017

1,15

4,93

4.3

64,6

03.9

292,

127.

729

2,64

7.1

1,77

7,57

2.5

837,

159.

182

5,46

4.0

0.0

975,

551.

53,

306,

914.

017

6,34

9.3

594,

967.

811

,251

.833

5,17

5.4

266,

965.

018

,334

.345

4,80

9.4

126,

850.

24,

712,

791.

716

,224

,469

.1

2018

972,

237.

774

,022

.317

2,92

5.5

375,

188.

42,

087,

896.

264

3,25

1.8

864,

896.

631

7,80

9.5

918,

004.

93,

228,

853.

013

8,76

6.1

587,

287.

523

,712

.935

8,12

2.0

388,

152.

027

,276

.422

3,82

3.9

63,0

80.6

5,65

0,77

5.0

17,1

16,0

82.1

2017

-Mar

1,11

6,79

9.1

57,0

57.3

340,

521.

332

2,46

1.5

1,79

7,37

7.1

714,

909.

989

1,35

7.2

0.0

981,

247.

13,

681,

288.

320

8,82

8.8

545,

851.

918

,059

.139

0,19

4.8

412,

816.

615

,972

.653

0,48

0.8

104,

430.

13,

860,

011.

215

,989

,664

.7

Jun

1,20

1,50

5.3

49,9

43.6

296,

138.

234

0,96

3.5

1,84

8,68

6.3

768,

423.

784

7,66

3.3

0.0

941,

632.

53,

502,

942.

117

3,96

4.1

588,

772.

918

,007

.039

1,36

0.7

426,

106.

216

,008

.051

4,54

7.6

105,

657.

14,

155,

165.

216

,187

,487

.2

Sep

1,11

6,62

4.7

47,7

36.6

363,

934.

228

1,67

0.3

1,78

2,85

1.8

811,

740.

684

2,71

0.3

0.0

933,

221.

63,

309,

201.

116

8,25

0.7

605,

452.

813

,704

.133

8,90

0.5

261,

421.

419

,855

.448

9,06

4.7

95,2

63.0

4,56

8,85

2.8

16,0

50,4

56.9

Dec

1,15

4,93

4.3

64,6

03.9

292,

127.

729

2,64

7.1

1,77

7,57

2.5

837,

159.

182

5,46

4.0

0.0

975,

551.

53,

306,

914.

017

6,34

9.3

594,

967.

811

,251

.833

5,17

5.4

266,

965.

018

,334

.345

4,80

9.4

126,

850.

24,

712,

791.

716

,224

,469

.1

2018

-Mar

1,06

7,09

9.2

56,4

86.7

245,

943.

933

3,87

8.0

1,76

9,71

6.1

822,

380.

885

2,52

1.8

0.0

905,

600.

83,

343,

101.

517

5,24

6.0

610,

560.

811

,084

.629

6,43

0.6

280,

337.

416

,983

.021

4,35

2.6

54,9

07.2

5,00

6,52

3.7

16,0

63,1

54.6

Jun

1,13

6,61

2.9

68,6

19.7

181,

925.

036

0,60

2.4

1,77

7,04

1.8

811,

855.

591

0,64

5.8

0.0

987,

646.

93,

431,

595.

514

8,81

4.5

608,

875.

110

,965

.338

4,12

9.5

305,

219.

516

,688

.421

5,18

8.6

80,2

75.8

5,29

7,39

6.3

16,7

34,0

98.2

Sep

1,00

7,30

1.5

69,6

20.2

193,

699.

437

9,85

4.1

1,89

2,60

6.0

647,

548.

590

5,26

7.9

394,

307.

193

6,01

5.3

3,24

9,71

2.3

143,

598.

058

1,18

8.5

23,9

97.9

393,

320.

533

2,73

2.8

33,2

55.6

221,

003.

379

,524

.45,

372,

945.

316

,857

,498

.7

Dec

972,

237.

774

,022

.317

2,92

5.5

375,

188.

42,

087,

896.

264

3,25

1.8

864,

896.

631

7,80

9.5

918,

004.

93,

228,

853.

013

8,76

6.1

587,

287.

523

,712

.935

8,12

2.0

388,

152.

027

,276

.422

3,82

3.9

63,0

80.6

5,65

0,77

5.0

17,1

16,0

82.1

2019

-Mar

1,54

7,75

1.9

47,5

99.9

218,

646.

745

9,25

4.6

2,08

4,24

1.9

804,

767.

986

2,18

4.8

387,

993.

894

5,05

1.9

3,26

4,27

2.9

134,

477.

456

6,52

3.3

14,6

96.2

274,

787.

039

2,50

0.2

27,5

54.0

235,

723.

461

,697

.25,

613,

393.

017

,943

,118

.0

Jun

1,59

1,47

2.8

47,8

29.2

196,

887.

046

2,91

5.0

2,03

4,98

9.5

811,

191.

282

6,14

4.9

324,

503.

994

2,94

2.0

3,28

8,93

2.9

134,

917.

654

0,70

3.2

13,5

73.8

226,

263.

736

2,82

0.6

26,3

09.8

233,

730.

370

,704

.45,

992,

958.

118

,129

,789

.9

SepP

1,68

6,22

7.1

50,3

72.2

215,

868.

755

1,16

0.6

1,94

9,84

9.1

1,05

3,55

7.2

817,

217.

633

3,20

0.4

941,

420.

93,

240,

641.

013

2,33

5.3

512,

896.

213

,517

.418

8,68

5.2

369,

560.

830

,016

.723

5,77

9.5

79,3

50.0

6,19

0,40

0.1

18,5

92,0

56.2

.Pe

rcen

t of T

otal

End

of

perio

d

Agric

ultu

re,

hunt

ing

and

fore

st

Fish

ing

Fina

ncia

l in

term

edia

ries

Min

ing

and

quar

ryin

gM

anuf

actu

ring

Bu

ildin

g an

d co

nstru

ctio

nRe

al e

stat

e an

d le

asin

gM

ortg

age

Tran

spor

tatio

n an

d co

mm

unica

tion

Trad

eTo

urism

Hote

ls an

d re

stau

rant

s

War

ehou

sing

and

stor

age

Elec

ticity

G

as

Wat

erEd

ucat

ion

Heal

th

Pers

onal

and

ot

her

serv

ices

2014

9.0

0.3

2.6

1.4

11.4

5.5

4.6

0.0

7.6

21.9

1.1

3.6

0.2

3.6

1.5

0.0

3.4

0.7

21.7

2015

8.0

0.3

2.7

1.8

11.2

4.9

4.8

0.0

8.2

20.4

1.2

3.4

0.1

2.9

2.3

0.1

3.4

0.8

23.5

2016

7.1

0.3

2.4

2.1

10.2

4.6

5.4

0.0

7.4

20.9

1.2

3.3

0.1

2.7

2.9

0.1

3.7

0.7

24.9

2017

7.0

0.4

1.8

1.7

9.8

4.8

4.6

0.0

5.8

19.5

0.8

3.3

0.1

2.1

1.5

0.1

2.8

0.7

33.1

2018

5.7

0.4

1.0

2.2

12.2

3.8

5.1

1.9

5.4

18.9

0.8

3.4

0.1

2.1

2.3

0.2

1.3

0.4

33.0

2017

-Mar

7.0

0.4

2.1

2.0

11.2

4.5

5.6

0.0

6.1

23.0

1.3

3.4

0.1

2.4

2.6

0.1

3.3

0.7

24.1

Jun

7.4

0.3

1.8

2.1

11.4

4.7

5.2

0.0

5.8

21.6

1.1

3.6

0.1

2.4

2.6

0.1

3.2

0.7

25.7

Sep

7.0

0.3

2.3

1.8

11.1

5.1

5.3

0.0

5.8

20.6

1.0

3.8

0.1

2.1

1.6

0.1

3.0

0.6

28.5

Dec

7.1

0.4

1.8

1.8

11.0

5.2

5.1

0.0

6.0

20.4

1.1

3.7

0.1

2.1

1.6

0.1

2.8

0.8

29.0

2018

-Mar

6.6

0.4

1.5

2.1

11.0

5.1

5.3

0.0

5.6

20.8

1.1

3.8

0.1

1.8

1.7

0.1

1.3

0.3

31.2

Jun

6.8

0.4

1.1

2.2

10.6

4.9

5.4

0.0

5.9

20.5

0.9

3.6

0.1

2.3

1.8

0.1

1.3

0.5

31.7

Sep

6.0

0.4

1.1

2.3

11.2

3.8

5.4

2.3

5.6

19.3

0.9

3.4

0.1

2.3

2.0

0.2

1.3

0.5

31.9

Dec

5.7

0.4

1.0

2.2

12.2

3.8

5.1

1.9

5.4

18.9

0.8

3.4

0.1

2.1

2.3

0.2

1.3

0.4

33.0

2019

-Mar

8.6

0.3

1.2

2.6

11.6

4.5

4.8

2.2

5.3

18.2

0.7

3.2

0.1

1.5

2.2

0.2

1.3

0.3

31.3

Jun

8.8

0.3

1.1

2.6

11.2

4.5

4.6

1.8

5.2

18.1

0.7

3.0

0.1

1.2

2.0

0.1

1.3

0.4

33.1

SepP

9.1

0.3

1.2

3.0

10.5

5.7

4.4

1.8

5.1

17.4

0.7

2.8

0.1

1.0

2.0

0.2

1.3

0.4

33.3

Sour

ce:

Bank

s an

d Ba

nk o

f Tan

zani

a co

mpu

tatio

ns

Not

e: p

den

otes

pro

visio

nal d

ata

54

3.0.

Mon

ey a

nd B

anki

ng

Tabl

e 3.

11: C

omm

erci

al B

anks

Dep

osits

Mill

ions

of T

ZS

End

of p

erio

dCe

ntra

l go

vern

men

t O

ther

re

siden

ts

Tran

sfer

rabl

e de

posit

s in

na

tiona

l cu

rrenc

y

Oth

er d

epos

its

in n

atio

nal

curre

ncy*

Fore

ign

curre

ncy

depo

sits

2014

808,

422.

137

9,79

6.5

1,35

1,80

3.3

577,

737.

531

0,32

3.3

12,5

76,2

62.0

406,

833.

561

8,95

0.5

17,0

30,1

28.7

5,65

7,52

4.5

5,62

7,92

0.1

5,74

4,68

4.1

2015

856,

925.

442

3,96

6.8

1,44

4,18

2.1

720,

606.

325

3,56

3.6

15,3

18,4

14.5

490,

131.

455

8,47

9.4

20,0

66,2

69.4

6,51

1,81

4.5

6,16

7,66

6.1

7,38

6,78

8.8

2016

577,

788.

947

8,71

1.3

1,57

8,54

4.3

456,

829.

724

9,85

9.1

15,4

24,7

61.8

576,

800.

741

3,90

6.8

19,7

57,2

02.7

6,65

5,15

3.1

6,47

3,65

9.1

6,62

8,39

0.4

2017

560,

520.

350

3,79

7.4

1,58

7,08

7.1

427,

910.

725

5,09

0.7

17,0

50,6

75.2

551,

932.

138

1,11

7.4

21,3

18,1

30.8

7,33

3,19

1.1

7,15

3,06

2.1

6,83

1,87

7.6

2018

358,

472.

424

4,12

0.1

1,34

6,07

9.4

766,

159.

531

6,58

4.2

17,8

89,8

83.8

689,

758.

947

3,48

5.7

22,0

84,5

44.1

7,67

8,71

2.3

7,20

4,23

6.7

7,20

1,59

5.0

2017

-Mar

649,

210.

851

9,66

4.5

1,54

8,12

9.8

466,

795.

628

1,87

4.1

15,4

31,2

17.2

586,

002.

444

5,40

1.1

19,9

28,2

95.6

6,52

4,64

1.0

6,61

6,72

6.5

6,78

6,92

8.1

Jun

496,

019.

948

1,63

4.0

1,77

0,19

5.2

527,

981.

625

3,94

8.9

16,3

85,5

54.9

489,

296.

644

9,31

3.5

20,8

53,9

44.6

7,27

9,64

6.5

6,74

3,78

4.1

6,83

0,51

4.0

Sep

435,

922.

445

9,61

1.5

1,64

7,47

8.2

427,

965.

948

9,82

4.0

15,8

62,2

21.9

542,

196.

043

5,24

9.8

20,3

00,4

69.7

6,71

9,56

1.4

6,94

7,56

4.0

6,63

3,34

4.3

Dec

560,

520.

350

3,79

7.4

1,58

7,08

7.1

427,

910.

725

5,09

0.7

17,0

50,6

75.2

551,

932.

138

1,11

7.4

21,3

18,1

30.8

7,33

3,19

1.1

7,15

3,06

2.1

6,83

1,87

7.6

2018

-Mar

623,

850.

039

0,25

7.9

1,67

7,03

8.4

442,

137.

328

2,62

1.8

16,7

79,4

43.6

682,

790.

634

2,30

7.4

21,2

20,4

47.0

7,54

3,69

3.9

6,90

9,93

9.7

6,76

6,81

3.4

Jun

560,

111.

039

9,04

5.7

1,52

8,58

0.9

489,

416.

228

1,65

4.7

17,1

92,7

45.0

764,

775.

137

7,29

8.9

21,5

93,6

27.4

7,70

1,64

6.1

7,00

8,86

1.7

6,88

3,11

9.6

Sep

341,

211.

528

6,65

1.7

1,37

3,38

2.1

1,18

8,68

0.8

249,

032.

716

,942

,982

.353

3,82

5.8

507,

999.

621

,423

,766

.57,

434,

091.

96,

968,

423.

47,

021,

251.

2

Dec

358,

472.

424

4,12

0.1

1,34

6,07

9.4

766,

159.

531

6,58

4.2

17,8

89,8

83.8

689,

758.

947

3,48

5.7

22,0

84,5

44.1

7,67

8,71

2.3

7,20

4,23

6.7

7,20

1,59

5.0

2019

-Jan

726,

225.

029

2,18

1.2

1,46

2,68

4.0

662,

495.

131

3,15

4.1

17,9

75,1

64.9

566,

024.

334

4,67

7.8

22,3

42,6

06.4

7,68

6,54

6.4

7,62

5,33

4.5

7,03

0,72

5.5

Feb

815,

386.

031

5,43

0.8

1,53

6,75

8.5

787,

411.

733

4,34

6.7

17,6

34,5

16.2

515,

084.

230

5,52

4.0

22,2

44,4

58.0

7,70

3,06

0.8

7,78

3,77

4.9

6,75

7,62

2.3

Mar

866,

864.

727

5,48

4.0

1,51

1,51

3.3

614,

185.

731

4,76

2.9

17,8

09,0

93.9

618,

738.

942

0,23

9.6

22,4

30,8

83.1

7,60

2,40

6.8

7,80

2,25

3.9

7,02

6,22

2.5

Apr

899,

826.

734

7,41

7.8

1,41

0,16

6.3

759,

495.

328

0,23

8.1

17,6

25,6

03.1

500,

228.

644

6,31

8.3

22,2

69,2

94.1

7,90

4,04

1.5

7,81

6,55

5.2

6,54

8,69

7.3

May

902,

826.

234

2,92

4.6

1,31

7,91

8.9

843,

334.

027

6,59

9.2

17,8

59,6

51.8

584,

038.

342

0,46

0.2

22,5

47,7

53.2

8,03

8,85

8.3

7,93

3,60

5.6

6,57

5,28

9.3

Jun

899,

590.

330

5,64

3.2

1,44

9,80

0.9

667,

630.

627

8,47

6.7

18,7

05,3

12.4

589,

890.

147

4,40

5.6

23,3

70,7

49.8

8,95

0,25

3.7

7,88

0,86

8.1

6,53

9,62

7.9

Jul

943,

909.

228

7,20

2.6

1,37

1,70

5.3

557,

490.

527

3,30

0.5

18,6

19,8

45.2

503,

115.

546

6,85

1.8

23,0

23,4

20.6

8,39

2,54

3.0

7,86

3,55

8.1

6,76

7,31

9.4

Aug

937,

507.

526

1,06

6.0

1,18

1,72

4.3

579,

503.

527

6,55

5.4

18,7

58,6

96.2

493,

723.

341

9,99

3.2

22,9

08,7

69.4

8,02

1,56

4.0

8,20

2,09

0.8

6,68

5,11

4.6

SepP

853,

534.

923

2,17

8.4

1,33

7,99

5.5

520,

058.

023

7,48

5.6

19,0

58,5

68.5

557,

428.

742

4,70

8.5

23,2

21,9

58.2

8,00

2,95

8.0

8,25

2,74

8.0

6,96

6,25

2.3

Sour

ce: B

ank

of T

anza

nia

Not

e: *O

ther

dep

osits

incl

ude

time

and

savin

g de

posi

ts; a

nd p

den

otes

pro

visio

nal d

ata

Publ

ic no

n-fin

ancia

l co

rpor

atio

ns

Oth

er n

on-

finan

cial

corp

orat

ions

of w

hich

Oth

er

depo

sitor

y co

rpor

atio

nsSt

ate

and

loca

l go

vern

men

tO

ther

fina

ncia

l co

rpor

atio

nsDe

posit

s of

no

n-re

siden

tsTo

tal

55

3.0. Money and Banking

Table 3.12: Interest Rates Structure, Weighted AveragePercent

Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19r Jul-19 Aug-19 Sep-19P

A: Domestic currency

1 Interbank cash market rates

Overnight 1.93 2.10 2.39 2.98 3.55 4.52 5.27 5.20 5.32 5.47 5.04 4.63 5.15

2 to 7 days 2.71 2.55 3.14 3.40 3.95 5.25 5.82 5.81 5.79 5.77 5.38 4.91 5.41

8 to 14 days 3.33 2.92 3.90 4.08 4.80 5.67 6.34 6.42 6.24 6.21 5.56 5.38 5.58

15 to 30 days 4.00 4.25 4.33 4.69 4.49 5.00 6.95 7.25 7.24 6.89 5.52 5.82 5.76

31 to 60 days 5.00 5.00 5.00 5.00 5.00 5.00 6.67 7.00 7.30 7.75 6.12 6.33 6.09

61 to 90 days 2.50 2.50 2.50 2.50 2.50 2.50 8.00 10.00 10.00 10.00 10.00 10.00 10.00

91 to 180 days 15.00 15.00 15.00 15.00 15.00 15.00 15.00 15.00 15.00 15.00 15.00 15.00 15.00

181 and above 12.94 12.94 12.94 12.94 12.94 12.94 12.94 12.94 12.94 12.94 11.00 11.00 11.00

Overall interbank cash market rate 2.26 2.29 2.74 3.25 3.74 4.72 5.59 5.54 5.60 5.69 5.42 4.91 5.37

2 Lombard rate 4.10 4.08 4.08 4.50 6.75 6.79 7.91 7.79 7.97 8.20 7.57 6.95 7.73

3 REPO rate 2.37 2.37 2.37 2.37 4.50 4.50 4.50 4.50 4.50 4.50 4.50 4.50 4.50

4 Reverse repo rate 4.27 5.35 6.63 4.82 4.06 4.18 5.66 5.12 5.09 5.25 5.79 5.41 5.52

5 Treasury bills rates

35 days 2.73 2.72 2.72 3.00 3.00 3.12 3.27 3.42 3.50 3.64 3.80 3.69 3.55

91 days 2.98 2.99 3.00 3.50 3.50 3.67 3.85 4.09 4.14 4.33 4.39 4.36 4.53

182 days 5.07 4.98 5.22 5.26 5.27 5.28 5.17 5.26 5.14 5.16 5.24 5.18 5.19

364 days 7.98 8.08 8.59 9.22 9.33 9.25 9.15 9.06 9.06 9.04 8.31 7.70 7.09

Overall treasury bills rate 7.19 7.40 8.19 8.72 8.54 8.73 8.67 8.20 8.58 8.69 8.18 7.65 7.05

6 Treasury bonds rates

2-years 9.00 10.49 10.49 10.49 11.39 11.39 11.39 11.97 11.97 11.97 11.97 11.08 11.08

5-years 11.88 11.88 12.00 12.00 12.00 12.71 12.71 12.71 12.96 12.96 12.96 12.96 12.96

7-years 12.27 12.27 12.56 12.56 12.56 13.23 13.23 13.23 13.23 13.23 13.23 13.23 13.23

10-years 14.39 14.39 14.39 14.94 14.94 14.94 15.11 15.11 15.11 15.70 15.12 15.16 15.16

15-years 14.80 15.03 15.03 15.03 15.46 15.46 15.62 15.62 15.62 15.74 15.67 15.67 15.37

20-years 17.69 17.69 17.69 17.73 17.73 17.45 17.45 17.45 17.39 17.39 17.42 17.42 17.34

6 Discount rate 7.00 7.00 7.00 7.00 7.00 7.00 7.00 7.00 7.00 7.00 7.00 7.00 7.00

7 Savings deposit rate 2.66 2.63 2.63 2.64 2.60 2.54 2.59 2.46 2.45 2.44 2.47 2.37 2.44

8 Overall time deposits rate 8.15 7.93 7.84 7.50 7.33 7.25 7.64 7.36 7.62 7.43 7.34 7.01 7.02

1 month 1.10 1.98 2.46 2.17 9.24 9.66 1.46 1.50 1.95 8.58 8.28 8.30 4.55

2 months 8.83 9.77 9.87 8.89 7.31 7.21 9.16 8.48 8.90 7.44 7.70 4.93 8.25

3 months 9.36 8.43 7.68 8.20 6.61 6.81 8.26 8.30 7.87 7.63 6.80 7.58 8.14

6 months 7.97 7.55 7.92 7.29 7.43 7.50 8.01 7.36 7.57 8.30 8.45 8.03 8.33

12 months 7.36 8.11 8.03 8.40 8.65 8.51 9.00 8.10 8.90 9.05 9.06 8.86 8.62

24 months 13.68 11.42 11.34 10.22 10.10 9.79 9.53 9.73 9.87 9.78 9.76 9.84 9.83

9 Negotiated deposit rate 9.02 8.41 8.85 9.17 8.85 9.13 8.84 9.15 8.65 8.84 8.69 8.98 8.83

10 Overall lending rate 17.52 17.27 17.09 16.72 17.21 16.80 17.23 17.21 17.17 16.86 16.86 16.77 16.99

Short-term (up to 1year) 18.68 18.20 18.54 17.83 17.00 16.38 17.47 16.87 16.99 16.43 16.25 16.34 16.42

Medium-term (1-2 years) 18.33 17.88 17.77 17.61 18.17 17.97 17.80 18.30 18.22 18.17 18.34 18.23 18.38


Long-term (3-5 years) 17.05 16.75 16.57 16.20 17.07 16.88 16.84 16.70 17.12 16.58 16.67 16.58 16.60

Term Loans (over 5 years) 15.78 16.08 15.23 14.88 16.08 15.47 15.06 16.24 15.75 15.58 15.65 15.20 15.94

11 Negotiated lending rate 15.69 14.90 15.87 15.28 14.93 14.84 14.62 14.61 15.27 14.41 14.38 14.31 14.09

B: Foreign currency

1 Deposits rates

Savings deposits rate 1.09 0.71 1.61 1.93 2.02 2.09 1.72 1.76 1.75 2.11 2.15 2.30 1.58

Overall time deposits rate 3.53 3.53 3.60 3.35 3.43 3.17 3.07 3.15 2.56 2.83 2.28 2.34 2.33

1-months 3.44 3.45 3.23 3.41 3.27 3.30 2.67 2.81 1.63 1.92 1.82 2.23 2.29

2-months 3.94 4.03 4.54 4.55 4.46 3.19 2.95 3.26 2.80 3.42 3.03 3.22 3.02

3-months 3.48 3.14 3.30 3.27 3.19 2.68 3.51 3.74 2.27 2.92 2.34 1.93 1.95

6-months 3.49 3.93 3.62 3.26 3.19 3.37 3.10 2.86 2.76 2.41 1.70 1.93 2.09

12-months 3.31 3.08 3.32 2.24 3.06 3.33 3.11 3.08 3.36 3.46 2.49 2.38 2.31

2 Overall lending rate 5.94 6.91 7.70 8.31 8.00 7.72 7.57 7.46 8.20 8.05 8.02 7.52 7.30

Short-term (up to 1year) 7.11 7.27 7.46 8.93 6.76 6.82 8.23 8.17 8.51 7.93 7.58 7.54 7.43



Long-term (3-5 years) 5.59 6.15 8.12 8.19 8.87 7.99 8.03 8.03 8.36 8.32 7.71 7.71 7.37

Term Loans (over 5 years) 6.70 7.02 7.40 7.49 7.98 7.97 7.87 7.87 7.99 7.99 7.99 5.41 4.76Source: Bank of Tanzania, banks and Bank of Tanzania computations


56

4.0 Balance of Payments and Foreign Trade Developments

Table 4.1a: Annual Balance of Payments in US Dollar Millions of USD

Item 2014 2015 2016 2017r 2018P

A. Current account -5,028.2 -3,977.2 -2,664.7 -1,813.9 -1,890.3Goods: exports f.o.b. 5,194.1 5,326.9 4,949.7 4,523.9 4,379.6

Traditional 828.8 793.3 961.2 1,020.7 772.1Non-traditional 3,798.6 4,049.3 3,538.5 3,091.9 3,209.3

o\w: Gold 1,324.1 1,183.3 1,508.8 1,541.1 1,524.0Unrecorded trade 566.8 484.3 450.0 411.3 398.1

Goods: imports f.o.b. -10,917.8 -9,843.1 -8,463.6 -7,551.7 -7,752.0Balance on goods -5,723.7 -4,516.1 -3,513.9 -3,027.8 -3,372.4Services: credit 3,396.0 3,412.4 3,599.3 3,831.9 4,014.7

Transport 902.6 1,024.9 1,053.6 1,137.4 1,222.1Travel 2,010.1 1,902.0 2,131.6 2,250.3 2,449.4Other 483.2 485.5 414.1 444.2 343.2

Services: debit -2,648.3 -2,629.1 -2,176.4 -2,039.9 -2,131.2Transport -1,142.6 -1,047.0 -893.7 -795.7 -839.1Travel -1,101.6 -1,195.3 -922.3 -807.3 -738.1Other -404.1 -386.8 -360.4 -436.9 -554.1

Balance on services 747.7 783.3 1,422.9 1,792.0 1,883.4Balance on goods and services -4,976.0 -3,732.9 -2,091.1 -1,235.8 -1,489.0Primary income: credit 118.4 110.3 98.5 125.3 155.9

o/w: Investment income 86.5 87.8 67.6 86.1 108.5 Compensation of employees 31.9 22.5 31.0 39.3 47.4

Primary income: debit -647.9 -834.6 -1,053.6 -1,105.4 -1,025.8o/w: Direct investment income -445.0 -550.0 -625.2 -700.0 -683.7

Interest payments -150.9 -248.6 -379.9 -358.0 -302.1 Compensation of employees -49.1 -33.2 -46.1 -45.0 -37.6

Balance on primary income -529.5 -724.3 -955.1 -980.1 -869.9Balance on goods, services and primary income -5,505.5 -4,457.2 -3,046.2 -2,215.9 -2,358.8Secondary income: credit 535.5 560.1 452.7 485.2 535.8

Government 177.9 194.8 81.1 121.8 170.3Financial corporations, nonfinancial corporations, households and NPISHs 357.6 365.3 371.6 363.4 365.5

o/w: Personal transfers 357.6 365.3 371.6 363.4 365.5Secondary income: debit -58.2 -80.2 -71.2 -83.2 -67.3Balance on secondary income 477.3 479.9 381.5 402.0 468.5B. Capital account 547.9 354.4 446.2 376.8 221.2Capital transfers credit 547.9 354.4 446.2 376.8 221.2

General government 483.7 290.3 383.0 313.6 157.4Other capital transfer (Investment grant) 457.9 290.3 357.3 287.8 151.4

Financial corporations, nonfinancial corporations, households and NPISHs 64.2 64.0 63.2 63.2 63.8Capital transfers:debit 0.0 0.0 0.0 0.0 0.0Total, groups A plus B -4,480.3 -3,622.9 -2,218.5 -1,437.1 -1,669.1C. Financial account, excl. reserves and related items -3,109.0 -2,662.6 -1,745.4 -2,154.9 -1,741.3

Direct investments -1,416.1 -1,506.0 -864.0 -937.7 -1,056.0Direct investment abroad 0.0 0.0 0.0 0.0 0.0Direct investment in Tanzania 1,416.1 1,506.0 864.0 937.7 1,056.0Portfolio investment -11.5 -27.6 5.0 -2.9 0.7Other investment -1,681.4 -1,128.9 -886.4 -1,214.2 -686.0

Assets -28.8 331.8 -129.1 -117.8 363.3Loans (Deposit-taking corporations, except the central bank) -24.8 186.9 -95.8 -34.5 35.2Currency and deposits -3.9 144.9 -33.3 -83.4 328.0 Deposit-taking corporations, except the central bank -87.9 69.5 -150.1 -4.9 206.9 Other sectors 84.0 75.4 116.8 -78.5 121.1Other assets 0.0 0.0 0.0 0.1 0.0

Liabilities 1,652.6 1,460.7 757.2 1,096.5 1,049.3Trade credits -1.0 -0.1 0.2 9.7 21.4Loans 1,639.2 1,558.2 826.3 1,103.9 990.3 Monetary authority 0.0 0.0 0.0 0.0 0.0 General government 1,202.6 1,089.9 306.8 707.0 654.6

Drawings 1,367.7 1,309.4 779.0 1,238.8 1,361.1Repayments -165.1 -219.5 -472.3 -531.9 -706.5

Banks 14.6 97.3 209.2 176.1 -32.2 Other sectors 422.0 371.0 310.3 220.8 367.9

Drawings 494.5 547.4 453.3 318.9 467.6Repayments -72.5 -176.4 -142.9 -98.1 -99.7

Currency and deposits 14.4 -97.5 -69.3 -17.1 37.6Total, groups A through C -1,371.3 -6,285.4 -473.1 717.8 72.1D. Net errors and omissions 1,119.5 761.2 778.7 951.9 -856.2Overall balance -251.8 -199.1 305.5 1,669.6 -784.0E. Reserves and related items -251.8 -199.1 305.5 1,669.6 -784.0Reserve assets -307.3 -273.7 232.2 1,598.7 -871.9Use of Fund credit and loans 55.5 74.6 73.3 70.9 87.9

Memorandum items:CAB/GDP -10.1 -8.4 -5.4 -3.4 -3.3CAB/GDP (excluding current official transfers) -10.5 -8.8 -5.5 -3.6 -3.6Gross official reserves 4,377.2 4,093.7 4,325.6 5,900.3 5,044.6Months of imports 4.2 4.6 5.4 7.2 5.2Months of imports (excluding FDI related imports) 4.7 4.9 5.9 7.8 5.7Exchange rate, TZS/USD (end of period) 1,725.8 2,148.5 2,172.6 2,230.1 2,281.2Exchange rate, TZS/USD (annual average) 1,652.5 1,985.4 2,177.1 2,228.9 2,255.8Source: Bank of Tanzania, Tanzania Revenue Authority, banks and Bank of Tanzania computations

Note: NPISH denontes non-profit institutions serving households; HIPC, heavily indebted poor countries; MDRI, multilateral debt relief initiative; GDP, gross domestic product; CAB, current account balance; FDI, foreign direct investment; r, revised data p, provisional data; and

o/w, of which

57


Table 4.1b: Quarterly Balance of Payments Millions of USD

Item Mar-17 Jun-17 Sep-17 Dec-17 Mar-18r Jun-18r Sep-18r Dec-18p

A. Current account -467.3 -563.6 -590.7 -192.3 -488.4 -500.4 -435.7 -465.8Goods: exports f.o.b. 1,012.3 979.4 936.2 1,596.0 1,152.9 1,006.8 1,065.5 1,154.4

Traditional 251.0 94.5 97.0 578.2 334.1 115.9 132.6 189.5Non-traditional 669.2 795.9 754.1 872.7 714.0 799.4 836.1 859.9

o\w: Gold 343.4 458.0 308.4 431.4 336.3 392.6 378.1 417.0Unrecorded trade 92.0 89.0 85.1 145.1 104.8 91.5 96.9 104.9

Goods: imports f.o.b. -1,782.5 -1,775.3 -1,896.0 -2,097.9 -1,858.5 -1,813.7 -1,952.6 -2,127.2Balance on goods -770.2 -795.9 -959.8 -501.9 -705.6 -806.9 -887.1 -972.8Services: credit 938.5 805.4 1,052.8 1,035.1 930.2 878.4 1,087.0 1,119.0

Transportation 264.0 264.5 295.6 316.8 313.5 307.5 309.2 297.4Travel 541.0 431.8 640.4 637.0 522.2 517.5 683.3 726.3Other 133.4 109.1 116.7 81.3 94.5 53.4 94.4 95.4

Services: debit -463.9 -478.4 -502.5 -595.2 -557.1 -521.2 -537.6 -515.4Transportation -189.8 -188.0 -202.3 -220.2 -197.9 -193.3 -207.8 -244.5Travel -194.2 -183.1 -194.2 -235.8 -226.1 -186.8 -176.5 -148.7Other -79.9 -107.3 -105.9 -139.1 -133.0 -141.1 -153.4 -122.2

Balance on services 474.6 327.1 550.3 440.0 373.1 357.2 549.4 603.7Balance on goods and services -295.6 -468.8 -409.5 -61.9 -332.4 -449.7 -337.7 -369.1Primary income: credit 28.4 27.8 27.4 41.7 34.1 35.3 39.8 46.7 o/w: Investment income 19.8 19.1 17.6 29.6 24.0 25.5 28.0 31.0

Compensation of employees 8.7 8.7 9.8 12.1 10.1 9.8 11.8 15.7Primary Income: debit -269.5 -282.7 -294.9 -258.3 -296.1 -242.0 -225.7 -262.0

o/w Direct investment income -175.0 -175.0 -175.0 -175.0 -170.9 -170.9 -170.9 -170.9Interest payments (scheduled) -85.1 -98.0 -106.3 -68.6 -111.0 -62.3 -45.8 -83.0Compensation of employees -8.8 -9.0 -13.0 -14.1 -13.6 -8.2 -8.4 -7.5

Balance on primary income -241.1 -254.9 -267.5 -216.6 -262.0 -206.6 -185.9 -215.3Balance on goods, services and primary income -536.7 -723.7 -677.0 -278.5 -594.4 -656.3 -523.7 -584.4Secondary income: credit 89.4 174.1 110.7 111.0 127.2 172.2 104.8 131.5

Government 0.0 83.7 17.6 20.5 36.6 80.5 13.3 39.8Financial corporations, non-financial corporations, households and NPISHs 89.4 90.4 93.1 90.5 90.6 91.7 91.5 91.8 o/w: Personal transfers 89.4 90.4 93.1 90.5 90.6 91.7 91.5 91.8

Secondary income: debit -20.0 -14.0 -24.4 -24.8 -21.2 -16.3 -16.9 -12.9Balance on secondary income 69.4 160.1 86.3 86.3 106.0 155.9 88.0 118.7B. Capital account 58.5 49.2 121.7 121.7 78.2 43.5 60.3 33.2Capital transfers: credit 58.5 49.2 121.7 121.7 78.2 43.5 60.3 33.2

General government 42.7 33.4 105.9 105.9 62.4 27.7 44.2 17.1Other capital transfer (Investment grant) 42.7 33.4 105.9 105.9 62.4 27.7 44.2 17.1Debt forgiveness (including MDRI) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

Financial corporations, non-financial corporations, households and NPISHs 15.8 15.8 15.8 15.8 15.8 15.8 16.1 16.1Capital transfers:debit 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0Total, Groups A plus B -408.8 -514.5 -469.0 -70.6 -410.2 -456.9 -375.4 -432.6C. Financial account, excluding reserves and related items -597.1 -792.8 -696.9 -68.1 -171.3 -1,000.3 -105.1 -464.7Direct investments -234.4 -234.4 -234.4 -234.4 -263.7 -263.7 -263.7 -265.0

Direct investment abroad 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0Direct investment in Tanzania 234.4 234.4 234.4 234.4 263.7 263.7 263.7 265.0

Portfolio investment -2.6 -1.9 0.9 0.7 -1.8 -8.9 24.0 -12.5Other investment -360.0 -556.5 -463.4 165.7 94.2 -727.7 134.6 -187.2

Assets -118.8 4.8 -60.4 56.5 92.4 68.6 154.9 47.4Loans (Deposit-taking corporations, except the central bank) -22.5 -7.0 11.4 -16.4 -24.6 -3.2 140.3 -77.3Currency and deposits -96.2 11.8 -71.8 72.9 117.0 71.8 14.5 124.7 Deposit-taking corporations, except the central bank -95.1 53.6 -55.8 92.5 86.7 41.5 -15.7 94.4 Other sectors -1.1 -41.7 -16.0 -19.6 30.3 30.3 30.3 30.3Other assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

Liabilities 241.3 561.3 403.1 -109.2 -1.8 796.3 20.3 234.5Trade credits 9.9 3.8 -5.4 1.4 3.9 5.1 -5.8 18.1Loans 220.0 556.2 414.0 -86.3 12.7 777.6 -32.1 232.2 Monetary authority 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

SDR allocation 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 General government 184.5 395.5 149.3 -22.3 -20.4 515.2 26.6 133.2

Drawings 318.5 485.8 266.1 168.4 233.2 671.0 155.3 301.6Repayments -134.0 -90.3 -116.8 -190.8 -253.7 -155.8 -128.6 -168.4

Deposit-taking corporations, except the central bank 15.0 41.9 175.7 -56.5 -53.1 14.6 -83.3 89.7 Other sectors 20.6 118.7 89.0 -7.5 86.2 247.8 24.6 9.3

Drawings 27.5 131.5 116.7 43.2 133.1 257.9 58.0 18.6Repayments -6.9 -12.7 -27.7 -50.7 -46.9 -10.1 -33.4 -9.3

Currency and deposits 11.3 1.4 -5.5 -24.3 -18.4 13.6 58.2 -15.8Total, Groups A through C -1,005.9 -1,307.2 -1,165.9 -138.7 -581.5 -1,457.2 -480.5 -897.3D. Net errors and omissions -25.9 265.0 608.7 129.9 -216.7 -423.7 202.6 -412.4Overall balance 162.4 543.3 836.6 127.3 -455.7 119.6 -67.7 -380.3E. Reserves and related items 162.4 543.3 836.6 127.3 -455.7 119.6 -67.7 -380.3

Reserve assets 154.2 518.7 828.0 97.7 -463.3 82.8 -80.3 -411.1Use of Fund credit and loans 8.2 24.6 8.5 29.7 7.7 36.8 12.6 30.8

Memorandum itemsGross official reserves, end of period 4,482.7 5,000.4 5,532.3 5,900.3 5,411.0 5,483.9 5,437.1 5,044.6Months of imports 6.0 6.7 6.9 6.6 6.7 7.0 6.6 5.7Net international reserves, end of period 4,221.6 4,766.0 5,308.8 5,701.1 5,226.8 5,335.9 5,299.9 4,937.9Change in net international reserves 156.6 544.4 542.8 392.3 -474.3 109.1 -36.0 -361.9Exchange rate (TZS/USD), end of period 2,223.9 2,230.1 2,237.8 2,230.1 2,248.6 2,266.4 2,266.4 2,266.4Exchange rate (TZS/USD), period average 2,218.9 2,228.4 2,233.4 2,234.7 2,241.2 2,262.1 2,265.7 2,236.9Average monthly imports 748.8 751.2 799.5 897.7 805.2 778.3 830.1 880.8Source: Tanzania Revenue Authority, Bank of Tanzania, banks and Bank of Tanzania computations

Note: f.o.b denotes free on board; NPISH, non-profit institutions serving households; MDRI, multilateral debt relief initiative; r, revised data; p, provisional data; and o/w, of which

Quarter ending

58


Table 4.2: Annual Balance of Payments in Tanzania ShillingMillions of TZS

Item 2014 2015 2016 2017r 2018P

A. Current account -8,327,794.7 -7,792,984.4 -5,799,454.1 -4,039,153.4 -4,257,777.0Goods: exports f.o.b. 8,598,479.5 10,591,843.9 10,774,374.0 10,084,003.1 9,876,738.3

Traditional 1,378,762.2 1,566,838.6 2,090,239.1 2,273,932.8 1,740,028.2Non-traditional 6,284,236.2 8,062,110.5 7,704,646.4 6,893,342.7 7,238,824.8

o\w: Gold 2,186,964.9 2,350,753.8 3,285,086.6 3,435,296.9 3,438,466.2Unrecorded trade 935,481.1 962,894.9 979,488.5 916,727.6 897,885.3

Goods: imports f.o.b. -18,049,034.8 -19,447,709.9 -18,426,144.5 -16,834,141.5 -17,486,690.7Balance on goods -9,450,555.3 -8,855,866.0 -7,651,770.5 -6,750,138.4 -7,609,952.4Services: credit 5,622,864.2 6,803,828.9 7,834,717.1 8,541,362.9 9,058,301.8

Transportation 1,492,292.5 2,037,945.1 2,293,626.3 2,543,705.5 2,768,202.1Travel 3,330,524.4 3,805,602.7 4,639,536.1 5,015,885.1 5,527,942.4Other 800,047.4 960,281.1 901,554.7 981,772.2 762,157.2

Services: debit -4,413,285.5 -5,227,548.3 -4,738,237.5 -4,547,618.3 -4,807,029.7Transportation -1,923,520.6 -2,068,777.9 -1,945,667.0 -1,784,100.4 -1,903,335.5Travel -1,821,701.5 -2,387,889.8 -2,007,847.7 -1,799,550.8 -1,663,394.2Other -668,063.4 -770,880.6 -784,722.8 -963,967.1 -1,240,299.9

Balance on services 1,209,578.7 1,576,280.6 3,096,479.6 3,993,744.6 4,251,272.1Balance on goods and services -8,240,976.6 -7,279,585.4 -4,555,290.9 -2,756,393.8 -3,358,680.3Primary income: credit 195,348.9 217,069.0 214,496.6 279,457.6 352,120.1 o/w: Investment income 142,789.3 172,542.7 147,054.7 191,878.5 244,901.4

Compensation of employees 52,559.6 44,526.4 67,441.9 87,579.1 107,218.6Primary Income: debit -1,071,712.5 -1,661,276.9 -2,288,941.7 -2,458,385.4 -2,309,309.3

o/w Direct investment income -740,643.4 -1,091,981.8 -1,361,168.9 -1,560,200.3 -1,542,290.3Interest payments (scheduled) -249,957.7 -503,628.6 -827,342.4 -797,842.4 -682,224.4Compensation of employees -81,111.4 -65,666.5 -100,430.5 -100,342.6 -84,794.7

Balance on primary income -876,363.6 -1,444,207.8 -2,074,445.1 -2,178,927.8 -1,957,189.3Balance on goods, services and primary income -9,117,340.2 -8,723,793.2 -6,629,736.1 -4,935,321.6 -5,315,869.6Secondary income: credit 885,759.8 1,088,394.7 985,394.0 1,081,601.1 1,209,536.9

Government 294,945.5 364,348.3 176,445.7 271,716.3 385,057.5Financial corporations, non-financial corporations, households and NPISHs 590,814.4 724,046.4 808,948.3 809,884.8 824,479.4 o/w: Personal transfers 590,814.4 724,046.4 808,948.3 809,884.8 824,479.4

Secondary income: debit -96,214.4 -157,585.9 -155,112.0 -185,433.0 -151,444.4Balance on secondary income 789,545.4 930,808.8 830,282.0 896,168.2 1,058,092.6B. Capital account 863,374.9 710,667.9 914,752.7 782,943.8 483,766.7Capital transfers: credit 863,374.9 710,667.9 914,752.7 782,943.8 483,766.7

General government 757,208.5 583,686.3 777,228.5 642,148.1 339,841.1Other capital transfer (Investment grant) 757,208.5 583,686.3 777,228.5 642,148.1 339,841.1

Financial corporations, non-financial corporations, households and NPISHs 106,166.4 126,981.6 137,524.2 140,795.7 143,925.5Capital transfers:debit 0.0 0.0 0.0 0.0 0.0Total, Groups A plus B -7,464,419.8 -7,082,316.5 -4,884,701.3 -3,256,209.6 -3,774,010.3C. Financial account, excl. reserves and related items -5,151,483.8 -5,217,962.3 -3,800,604.6 -4,801,763.7 -3,935,733.7Direct investments -2,340,094.7 -2,982,053.3 -1,881,074.7 -2,089,999.8 -2,382,132.3

Direct investment abroad 0.0 0.0 0.0 0.0 0.0Direct investment in Tanzania 2,340,094.7 2,982,053.3 1,881,074.7 2,089,999.8 2,382,132.3

Portfolio investment -19,161.9 -56,049.9 10,908.7 -6,361.1 1,581.1Other investment -2,792,227.3 -2,179,859.1 -1,930,438.6 -2,705,402.8 -1,555,182.5

Assets -53,766.9 611,861.9 -280,829.1 -262,014.3 822,766.9Loans (Deposit-taking corporations, except the central bank) -41,447.7 342,308.0 -208,847.5 -77,262.9 76,797.8Currency and deposits -12,319.2 269,553.9 -71,981.5 -184,751.3 745,969.1 Deposit-taking corporations, except the central bank -147,196.5 114,577.6 -326,388.5 -9,719.4 472,787.7 Other sectors 134,877.2 154,976.3 254,407.0 -175,031.9 273,181.3Other assets 0.0 0.0 0.0 0.0 0.0

Liabilities 2,738,460.4 2,791,721.0 1,649,609.6 2,443,388.6 2,377,949.4Trade credits -1,660.6 -187.6 458.3 21,331.8 48,900.0Loans 2,716,561.8 3,004,948.5 1,800,415.9 2,460,828.5 2,243,998.7 Monetary authority 0.0 0.0 0.0 0.0 0.0

SDR allocation 0.0 0.0 0.0 0.0 0.0 General government 1,999,212.8 2,121,565.4 668,858.4 1,575,810.3 1,480,475.9

Drawings 2,273,937.0 2,568,628.4 1,696,354.5 2,762,519.3 3,075,428.3Repayments -274,724.2 -447,062.9 -1,027,496.1 -1,186,709.0 -1,594,952.4

Deposit-taking corporations, except the central bank 23,859.5 205,797.7 455,164.5 392,374.7 -62,726.8 Other sectors 693,489.4 677,585.4 676,393.0 492,643.4 826,249.7

Drawings 814,105.9 1,050,069.4 987,905.0 711,287.3 1,051,110.0Repayments -120,616.5 -372,484.0 -311,511.9 -218,643.9 -224,860.3

Currency and deposits 23,559.2 -213,039.9 -151,264.6 -38,771.7 85,050.7Total, Groups A through C -12,615,903.6 -12,300,278.8 -8,685,306.0 -8,057,973.4 -7,709,744.1D. Net errors and omissions 1,910,019.6 1,524,341.5 1,747,817.0 2,179,050.8 -1,929,762.5Overall balance -402,916.4 -340,012.7 663,720.3 3,724,604.9 -1,768,039.1E. Reserves and related items -402,916.4 -340,012.7 663,720.3 3,724,604.9 -1,768,039.1

Reserve assets -496,720.3 -490,576.3 504,133.7 3,566,307.5 -1,966,358.8Use of Fund credit and loans 93,803.8 150,563.6 159,586.5 158,297.4 198,319.6

Memorandum items:

GDP(mp) Billions of TZS 82,603.4 94,349.3 108,362.3 118,844.1 129,096.2CAB/GDP -10.1 -8.4 -5.4 -3.4 -3.3CAB/GDP (excl. current official transfers) -10.4 -8.8 -5.5 -3.6 -3.6Gross official reserves (Millions of USD) 4,377.2 4,093.7 4,325.6 5,900.3 5,044.6Months of imports 4.2 4.6 5.4 6.8 5.2Exchange rate (TZS/USD), end of period 1,725.8 2,148.5 2,172.6 2,230.1 2,281.2Exchange rate (TZS/USD), period average 1,652.5 1,985.4 2,177.1 2,228.9 2,255.8Source: Tanzania Revenue Authority, Bank of Tanzania and Bank of Tanzania computations

Note: NPISH denontes non-profit institutions serving households; HIPC, heavily indebted poor countries; MDRI, multilateral debt relief initiative; GDP, gross domestic product; CAB, current account balance; FDI, foreign direct investment; r, revised data; p, provisional data; and

o/w, of which

59


Table 4.3: Exports Performance by Commodity in US Dollar

CommodityA: Traditional exports :Coffee

ValueVolumeUnit price

CottonValueVolumeUnit price

SisalValueVolumeUnit price

TeaValueVolumeUnit price

TobaccoValueVolumeUnit price

Raw cashewnutsValueVolumeUnit price

ClovesValueVolumeUnit price

Sub total

B. Non-traditional exports:MineralsManufactured GoodsOthers ExportsSub total

Grand totalSource: Tanzania Revenue Authority, and Bank of Tanzania computations


Millions of USD"000" TonnesUSD/Tonnes







Millions of USDMillions of USDMillions of USDMillions of USD

Millions of USDSource: Tanzania Revenue Authority, and Bank of Tanzania computations


2014 2015 2016r 2017r 2018P

121.5 162.2 153.7 126.3 147.944.1 51.9 58.7 41.8 56.6

2,756.2 3,123.0 2,616.8 3,019.5 2,612.0

54.7 30.2 46.8 36.8 68.449.5 29.1 33.0 25.3 47.4

1,104.9 1,037.8 1,416.1 1,450.3 1,444.2

16.8 26.5 17.2 28.7 32.511.5 15.2 8.6 17.0 20.3

1,459.7 1,748.8 2,002.1 1,686.7 1,604.5

45.7 44.0 44.8 49.1 45.929.2 27.5 26.3 27.5 26.9

1,568.1 1,600.9 1,700.8 1,783.6 1,707.4

315.0 287.6 339.2 195.8 270.367.4 66.3 74.3 48.3 72.2

4,673.5 4,336.5 4,562.7 4,055.6 3,741.9

222.2 218.8 320.2 529.6 196.5172.2 171.7 217.5 329.4 120.2

1,290.7 1,273.8 1,472.4 1,607.7 1,634.2

52.9 24.1 39.3 54.4 10.54.7 2.8 4.9 6.9 1.3

11,231.3 8,653.1 7,976.0 7,886.6 8,031.7

828.8 793.3 961.2 1,020.7 772.1

1,469.2 1,285.4 1,930.0 1,694.5 1,615.31,239.6 1,277.0 714.2 693.7 794.61,089.8 1,487.0 894.3 703.7 799.53,798.6 4,049.3 3,538.5 3,091.9 3,209.3

4,627.4 4,842.7 4,499.7 4,112.7 3,981.4Source: Tanzania Revenue Authority, and Bank of Tanzania computations

60


Table 4.4: Exports Performance by Commodity in Tanzania Shilling

A: Traditional exports:Coffee

ValueVolumeUnit price

CottonValueVolumeUnit price

SisalValueVolumeUnit price

TeaValueVolumeUnit price

TobaccoValueVolumeUnit price

Raw cashewnutsValueVolumeUnit price

ClovesValueVolumeUnit price

Sub total

B: Non traditional exports:MineralsManufactured goodsOther exportsSub total

Grand totalSource: Tanzania Revenue Authority, and Bank of Tanzania computations


Millions of TZS"000" TonnesTZS/Tonne







Millions of TZS

Millions of TZSMillions of TZSMillions of TZSMillions of TZS

Millions of TZSSource: Tanzania Revenue Authority, and Bank of Tanzania computations


2014 2015 2016r 2017r 2018P

200,916.3 315,921.2 334,603.0 280,454.6 337,039.244.1 51.9 58.7 41.8 56.6

4,559,364.9 6,084,326.5 5,697,005.7 6,705,580.0 5,950,960.3

90,901.3 62,958.7 101,792.1 81,643.0 155,810.849.5 29.1 33.0 25.3 47.4

1,835,633.0 2,164,592.3 3,082,923.4 3,220,891.9 3,290,286.7

27,688.8 53,926.7 37,509.0 63,814.1 74,146.311.5 15.2 8.6 17.0 20.3

2,411,434.5 3,554,123.8 4,358,641.1 3,745,807.0 3,655,500.3

75,367.7 86,284.9 97,511.7 109,118.2 104,677.029.2 27.5 26.3 27.5 26.9

2,585,109.6 3,139,967.8 3,702,856.0 3,960,976.3 3,890,040.4

523,502.1 568,812.1 738,457.3 434,842.1 615,828.167.4 66.3 74.3 48.3 72.2

7,767,751.7 8,576,002.1 9,933,315.8 9,006,727.2 8,525,233.2

373,393.1 430,022.9 697,192.3 1,176,135.4 447,609.6172.2 171.7 217.5 329.4 120.2

2,168,547.0 2,503,867.4 3,205,454.1 3,570,323.5 3,723,121.0

86,993.0 48,912.0 85,519.6 120,802.3 23,980.34.7 2.8 4.9 6.9 1.3

18,454,571.6 17,576,079.7 17,364,390.9 17,514,388.7 18,298,572.0

1,378,762.2 1,566,838.6 2,092,585.0 2,266,809.6 1,759,091.3

2,426,673.1 2,559,719.4 4,201,780.7 3,763,090.3 3,680,021.82,053,039.5 2,542,918.0 1,554,855.7 1,540,631.0 1,810,248.81,804,523.7 2,961,161.3 1,946,980.1 1,562,815.1 1,821,531.46,284,236.2 8,063,798.7 7,703,616.5 6,866,536.4 7,311,802.0

7,662,998.4 9,630,637.3 9,796,201.5 9,133,346.0 9,070,893.3Source: Tanzania Revenue Authority, and Bank of Tanzania computations

61

4.0

Bala

nce

of P

aym

ents

and

For

eign

Tra

de D

evel

opm

ents

Tabl

e 4.

5: Q

uart

erly

Exp

orts

Per

form

ance

by

Com

mod

ity

M

illion

s of

TZS

Mar

-14

66,8

67.7

7,47

9.8

6,33

9.0

24,7

85.0

131,

528.

398

,982

.763

5,54

6.8

390,

350.

141

0,78

3.0

1,77

2,66

2.5

Jun-

1434

,272

.83,

991.

37,

233.

416

,424

.27,

020.

210

,747

.256

6,46

6.8

506,

762.

945

8,04

4.3

1,61

0,96

3.1

Sep-

1424

,431

.457

,745

.97,

585.

615

,508

.114

3,05

7.9

3,77

6.7

598,

881.

959

4,57

9.3

482,

070.

31,

927,

637.

0

Dec-

1475

,344

.321

,684

.36,

530.

818

,650

.424

1,89

5.6

259,

886.

462

5,77

7.6

561,

347.

154

0,61

9.1

2,35

1,73

5.8

Mar

-15

112,

074.

45,

381.

98,

526.

522

,546

.619

4,24

9.2

168,

240.

953

9,05

0.0

648,

770.

954

1,13

4.6

2,23

9,97

4.9

Jun-

1548

,616

.83,

154.

78,

861.

822

,371

.739

,030

.44,

024.

262

3,74

6.6

503,

396.

381

3,54

8.7

2,06

6,75

1.2

Sep-

1550

,434

.330

,564

.012

,692

.419

,507

.284

,626

.19,

842.

773

1,13

0.9

652,

159.

478

1,76

4.2

2,37

2,72

1.1

Dec-

1510

4,79

5.7

23,8

58.1

23,8

46.0

21,8

59.5

250,

906.

424

7,91

5.1

660,

908.

492

0,93

3.4

845,

170.

63,

100,

193.

3

Mar

-16

113,

291.

210

,758

.25,

257.

736

,970

.419

6,01

0.0

140,

392.

977

3,76

7.5

802,

619.

61,

085,

015.

73,

164,

083.

3

Jun-

1658

,962

.53,

850.

714

,618

.929

,355

.256

,253

.93,

834.

280

2,21

8.3

588,

613.

296

5,79

2.1

2,52

3,49

9.0

Sep-

1667

,719

.372

,578

.07,

407.

713

,232

.816

9,84

1.8

1,11

1.5

871,

483.

345

8,04

5.4

741,

030.

42,

402,

450.

2

Dec-

1695

,651

.714

,627

.410

,239

.717

,821

.625

8,33

7.5

442,

490.

097

9,36

7.7

421,

076.

083

7,38

9.0

3,07

7,00

0.6

Mar

-17

115,

478.

010

,960

.65,

357.

637

,694

.819

9,99

5.5

142,

784.

278

9,13

8.3

819,

201.

81,

106,

096.

13,

226,

706.

8

Jun-

1760

,211

.23,

932.

114

,931

.329

,979

.557

,448

.43,

916.

481

9,38

0.6

601,

021 .

898

6,32

0.9

2,57

7,14

2.3

Sep-

1769

,539

.274

,521

.77,

589.

713

,566

.817

4,46

1.8

1,14

2.0

894,

038.

446

9,76

1.5

760,

367.

22,

464,

988.

3

Dec-

1798

,387

.915

,048

.710

,532

.518

,331

.226

5,77

2.2

455,

170.

51,

007,

325.

043

3,10

4.9

861,

171.

23,

164,

844.

0

Mar

-18

96,8

64.2

5,35

6.3

15,5

74.4

32,9

62.8

151,

546.

942

9,23

5.0

838,

305.

035

8,53

9.4

907,

106.

92,

835,

491.

0

Jun-

1869

,105

.73,

277.

217

,810

.831

,410

.612

6,10

0.6

4,17

5.5

933,

446.

042

2,60

9.5

479,

328.

62,

087,

264.

4

Sep-

1828

,959

.911

6,73

4.6

17,6

26.9

12,2

98.4

118,

381.

23,

708.

489

6,49

7.1

465,

063.

250

8,59

0.3

2,16

7,85

9.9

Dec-

1812

1,07

8.9

26,1

64.4

21,4

29.0

25,4

46.3

235,

588.

92,

245.

51,

008,

500.

351

7,81

4.8

433,

652.

72,

391,

920.

8

Mar

-19

167,

069.

87,

058.

112

,809

.743

,253

.678

,539

.615

9.4

1,22

3,76

9 .6

588,

949.

142

7,75

8.7

2,54

9,36

7.6

Jun-

1953

,861

.826

,127

.113

,748

.931

,409

.34,

575.

518

5.0

1,09

2,98

3.3

478,

016.

847

5,96

0.2

2,17

6,86

8.0

Sep-

1936

,707

.149

,726

.614

,016

.512

,892

.563

,448

.623

3,89

8.7

1,38

5,94

3.0

775,

877.

472

1,34

1.8

3,29

3,85

2.2

Sour

ce: T

anza

nia

Reve

nue

Auth

ority

, and

Ban

k of T

anza

nia

com

puta

tions

Toba

cco

Cash

ewnu

tsM

iner

als

Man

ufac

ture

d go

ods

Oth

er e

xpor

tsTo

tal

Qua

rter

endi

ngCo

ffee

Cotto

nSi

sal

Tea

62


Table 4.6: Table 4.6: Tanzania Imports (c.i.f) by Major Category in US Dollar

Table 4.7: Imports (c.i.f) by Major Commodity Groups in Tanzania Shilling

CategoryCapital goods

Transport equipmentBuilding and constructionMachinery

Intermediate goods Oil

Millions of TZS

2014 2015 2016 2017 2018P

6,548,935.2 8,238,455.4 8,367,039.7 6,560,865.9 7,739,130.22,208,498.6 2,371,818.0 2,171,477.5 1,694,051.2 2,199,298.01,877,249.5 1,969,858.7 1,955,069.8 1,419,826.4 2,103,721.62,463,187.1 3,896,778.7 4,240,492.4 3,446,988.3 3,436,110.6

8,462,385.8 8,050,248.3 6,849,988.8 6,599,853.2 6,383,731.76,628,732.9 5,999,063.1 4,324,622.5 4,516,211.7 4,038,787.0

Fertilizers Industrial raw materials

Consumer goods Food and foodstuffsOther consumer goods

TOTAL Source: Tanzania Revenue Authority, and Bank of Tanzania computations


225,468.6 330,531.9 283,660.5 304,753.0 441,767.71,608,184.3 1,720,653.2 2,241,705.9 1,778,888.4 1,903,176.9

4,825,538.1 5,082,406.1 5,031,231.8 5,268,670.3 5,285,187.21,148,264.9 1,157,998.8 1,065,756.7 989,070.4 661,780.93,677,273.2 3,924,407.3 3,965,475.1 4,279,599.9 4,623,406.3

19,836,859.1 21,371,109.8 20,248,260.3 18,429,389.4 19,408,049.0Source: Tanzania Revenue Authority, and Bank of Tanzania computations

Millions of USD

Category 2014 2015 2016r 2017r 2018r

Capital goods 3,598.1 3,813.0 3,843.3 2,954.3 3,396.9

Transport equipment 1,214.8 1,096.5 997.4 762.8 965.3

Building and construction 1,032.4 908.0 898.0 639.3 923.4

Machinery 1,351.0 1,808.4 1,947.8 1,552.1 1,508.2

Intermediate goods 4,663.6 3,696.6 3,146.4 2,971.9 2,802.0

Oil 3,656.8 2,760.7 1,986.4 2,033.6 1,772.7

White petroleum products 3,656.8 2,760.7 1,986.4 2,033.6 1,772.7

Fertilizers 122.8 145.6 130.3 137.2 193.9

Industrial raw materials 884.0 790.4 1,029.7 801.0 835.4

Consumer goods 2,656.1 2,333.5 2,311.0 2,372.4 2,319.8

Food and foodstuffs 632.6 541.7 489.5 445.4 290.5

Other consumer goods 2,023.4 1,791.8 1,821.5 1,927.1 2,029.3

TOTAL 10,917.8 9,843.1 9,300.7 8,298.6 8,518.7Source: Tanzania Revenue Authority, and Bank of Tanzania computations


63

4.0

Bala

nce

of P

aym

ents

and

For

eign

Tra

de D

evel

opm

ents

Tabl

e 4.

8: Q

uart

erly

Impo

rts

(c.i.

f) by

Maj

or C

omm

odity

Gro

ups

Milli

ons

of T

ZS

Qua

rter

endi

ng T

rans

port

equi

pmen

tBu

ildin

g an

d co

nstru

ctio

nM

achi

nery

Oil

Ferti

lizer

sIn

dust

rial r

aw

mat

eria

lsFo

od a

nd

food

stuf

fsO

ther

con

sum

er

good

sTo

tal

Mar

-14

537,

054.

844

9,36

6.5

541,

668.

91,

996,

725.

623

,893

.840

5,06

1.9

275,

593.

190

3,91

6.7

5,13

3,28

1.4

Jun-

1450

4,67

4.5

414,

114.

950

3,45

9.6

1,69

2,21

8.5

3,87

2.8

337,

478.

132

0,75

6.0

922,

780.

94,

699,

355.

3

Sep-

1454

1,49

5.9

467,

299.

553

0,28

8.6

1,46

2,18

6.0

109,

550.

835

2,84

2.4

276,

586.

389

0,55

9.5

4,63

0,80

9.1

Dec-

1462

5,53

6.2

546,

748.

388

8,07

0.9

1,47

8,60

3.1

88,1

66.8

513,

010.

927

5,47

9.2

960,

508.

45,

376,

123.

7

Mar

-15

602,

316.

251

8,98

7.0

1,00

7,25

3.2

1,47

7,76

6.7

18,0

22.5

394,

437.

732

7,46

5.1

786,

213.

75,

132,

462.

1

Jun-

1563

0,63

3.4

422,

141.

91,

070,

370.

71,

501,

743.

751

,401

.349

5,79

4.3

379,

378.

792

0,00

9.9

5,47

1,47

4.0

Sep-

1559

4,61

6.9

511,

639.

81,

004,

845.

01,

715,

214.

917

0,90

0.8

408,

892.

822

6,50

6.3

1,18

2,50

0.0

5,81

5,11

6.6

Dec-

1554

4,25

1.6

517,

090.

081

4,30

9.8

1,30

4,33

7.9

90,2

07.2

421,

528.

422

4,64

8.6

1,03

5,68

3.6

4,95

2,05

7.1

Mar

-16

568,

916.

259

0,33

9.1

1,50

0,00

3.4

785,

594.

070

,328

.555

3,01

7.5

235,

204.

990

2,44

5.7

5,20

5,84

9.4

Jun-

1659

8,07

2.5

562,

013.

91,

004,

143.

187

0,74

6.1

59,2

94.5

692,

920.

934

5,62

6.4

992,

343.

65,

125,

161.

0

Sep-

1651

4,95

6.0

434,

122.

284

5,24

9.5

1,35

6,29

7.1

66,3

70.7

551,

050.

727

6,86

0.3

1,07

7,18

1.4

5,12

2,08

7.8

Dec-

1648

9,41

4.1

368,

956.

289

1,23

9.9

1,31

1,10

4.4

87,6

00.8

445,

156.

220

8,36

9.4

993,

571.

24,

795,

412.

2

Mar

-17

579,

816.

560

1,83

0.3

1,52

9,20

1.5

800,

890.

471

,646

.456

3,67

8.9

239,

648.

591

9,95

5.1

5,30

6,66

7.6

Jun-

1761

0,81

2.7

573,

943.

21,

025,

364.

788

9,37

1.3

60,5

57.0

707,

752.

335

3,06

2.3

1,01

3,53

3.2

5,23

4,39

6.7

Sep-

1752

8,43

7.8

445,

328.

586

6,97

3.7

1,39

1,37

3.9

68,0

23.4

565,

402.

528

3,92

8.6

1,10

4,76

3.5

5,25

4,23

1.9

Dec-

1750

3,37

0.5

379,

509.

491

6,73

2.2

1,34

8,58

9.5

90,1

08.8

457,

878.

621

4,34

8.5

1,02

1,98

5.6

4,93

2,52

3.2

Mar

-18

533,

854.

944

8,44

0.2

733,

431.

11,

113,

233.

270

,169

.543

8,78

1.7

153,

856.

298

9,89

5.9

4,48

1,66

2.7

Jun-

1847

9,01

9.3

400,

588.

976

8,08

5.2

1,07

0,50

8.8

33,3

81.0

456,

591.

422

1,32

9.8

1,00

3,16

1.8

4,43

2,66

6.1

Sep-

1855

0,75

1.2

488,

655.

288

9,23

8.8

1,05

1,85

3.8

24,2

32.3

523,

784.

521

0,32

0.2

1,21

7,80

4.1

4,95

6,64

0.1

Dec-

1856

0,25

6.5

497,

088.

890

4,58

6.1

1,07

0,00

7.7

24,6

50.5

532,

824.

521

3,95

0.1

1,23

8,82

2.1

5,04

2,18

6.3

Mar

-19

562,

163.

849

8,78

1.1

907,

665.

61,

073,

650.

324

,734

.453

4,63

8.4

214,

678.

41,

243,

039.

45,

059,

351.

3

Jun-

1946

1,23

5.4

533,

385.

91,

008,

501.

01,

114,

338.

681

,648

.144

4,52

8.6

131,

928.

11,

063,

893.

44,

839,

459.

1

Sep-

1969

2,21

9.4

641,

190.

097

4,48

5.7

1,06

4,97

7.4

103,

082.

747

3,57

6.2

125,

870.

71,

279,

309.

95,

354,

711.

9

Sour

ce: T

anza

nia

Reve

nue

Auth

ority

, and

Ban

k of

Tan

zani

a co

mpu

tatio

ns

64


Table 4.9: Exports by Country of Destination

Millions of TZS

Country 2014 2015 2016 2017 2018P

Australia 101,079.0 8,977.4 16,497.0 10,305.2 8,757.7

Belgium 163,403.8 295,288.5 616,178.6 429,842.1 541,542.4

Burundi 71,138.1 77,673.3 113,462.1 113,236.4 107,876.7

Canada 11,691.1 11,826.1 10,146.7 8,110.8 15,644.1

China 1,130,503.4 1,112,872.5 770,945.5 316,022.0 325,410.2

Democratic Republic of Congo 465,278.5 392,428.4 634,887.1 2,693.6 304,104.7

Denmark 12,403.3 5,465.7 8,497.9 8,479.8 6,164.7

Eire/Ireland 280.2 1,332.1 2,561.9 1,375.5 1,019.6

France 39,817.2 27,798.9 51,990.3 30,351.3 47,613.1

Germany 366,846.8 446,692.3 250,990.0 108,583.0 90,670.3

Hong Kong 58,897.4 67,259.7 65,326.8 96,193.9 87,992.7

India 2,073,771.5 2,274,810.2 1,530,006.5 2,182,438.4 1,654,380.5

Indonesia 10,978.5 12,730.5 37,421.7 32,286.1 52,232.8

Italy 86,826.8 71,182.1 91,726.5 80,982.8 63,103.4

Japan 409,634.7 456,063.2 301,495.8 165,609.9 150,121.0

Kenya 737,131.7 1,452,035.1 683,147.8 390,644.5 482,237.3

Malaysia 21,736.3 57,758.0 28,474.5 21,933.6 18,717.7

Mozambique 112,551.9 37,020.8 26,853.8 29,088.9 15,378.5

Netherland 84,386.0 151,448.3 139,050.4 159,738.9 171,865.9

New Zealand 4,027.9 4,406.9 12,185.9 6,614.0 7,511.1

Norway 6,854.1 2,845.3 1,735.6 1,048.6 1,548.7

Pakistan 23,939.3 39,380.7 32,338.0 26,920.3 68,689.8

Portugal 29,981.2 38,792.5 41,004.1 43,820.8 46,677.9

Singapore 26,318.3 13,112.3 22,835.8 12,083.4 6,374.6

Somalia 11,043.1 5,528.6 845.8 2,885.5 2,188.6

South Africa 1,139,124.7 1,336,621.1 1,374,237.3 1,553,437.7 1,662,185.7

Spain 23,582.6 37,034.6 34,109.8 44,945.3 37,521.1

Sri Lanka 3,425.4 3,472.0 1,685.4 3,489.5 1,630.9

St. Helena n.a 1.9 0.0 n.a 4,613.6

Sweden 8,717.9 10,228.5 12,116.0 12,751.1 7,158.2

Switzerland 246,227.3 304,642.7 1,671,353.8 584,189.5 584,262.2

Taiwan 3,199.9 4,370.1 4,631.0 2,467.3 2,279.1

Thailand 23,882.7 13,119.9 19,602.7 20,571.3 26,256.5

Uganda 121,218.9 99,881.8 126,744.3 53,630.2 238,736.7

United Arab Emirates 141,266.4 311,846.4 138,158.3 195,628.3 193,172.5

United Kingdom 77,063.2 45,600.3 49,680.8 40,385.9 35,146.3

United States 236,429.6 100,478.9 123,788.9 138,266.7 135,781.2

USSR/Russia 11,893.8 23,085.4 24,124.3 25,306.6 29,431.2

Yugoslavia n.a n.a n.a n.a 0.5

Zambia 223,715.6 12,439.8 70,815.5 108,312.3 114,266.0

Others 121,218.9 2,099,249.4 1,177,626.0 1,558,750.8 915,499.4

Total 8,441,486.8 11,466,802.3 10,319,280.3 8,623,421.6 8,265,765.1Source: Tanzania Revenue Authority, and Bank of Tanzania computations

Note: r donetes revised data; p, provisional data; and n.a, not available

65


Table 4.10: Imports (c.i.f) by Country of Origin

Millions of TZS

Country 2014 2015 2016 2017 2018P

Argentina 12,161.6 34,528.6 15,396.7 53,566.3 7,404.0Australia 234,399.6 205,934.2 140,445.7 145,777.0 143,092.6Belgium 209,888.8 126,911.5 141,386.8 145,082.2 145,938.3Brazil 24,474.9 33,932.0 60,629.3 117,490.9 45,347.0Burundi 931.7 2,121.6 1,685.9 521.3 2,338.3Canada 204,485.0 119,613.3 219,588.3 88,587.0 78,924.1China 2,597,174.8 3,700,358.4 3,566,894.8 3,359,881.1 4,009,049.4Democratic Republic of Congo 1,363.1 1,253.4 777.8 26.5 1,270.7Denmark 69,106.6 131,738.8 88,470.6 95,621.2 81,594.1Eire/Ireland 33,185.5 34,145.3 49,507.2 97,424.2 53,061.1Finland 98,655.9 100,078.5 75,557.7 165,736.8 98,624.7France 119,670.3 190,060.6 147,168.2 150,288.2 233,609.7Germany 410,142.0 320,148.4 417,265.8 518,787.6 500,917.7Hong Kong 87,939.5 90,589.6 112,306.3 114,845.3 136,597.6India 3,055,855.5 2,512,648.4 3,110,402.5 2,610,263.5 2,769,670.5Indonesia 154,768.5 283,642.9 140,724.0 321,368.7 302,371.7Iran 68,651.6 33,583.1 22,956.9 39,373.5 56,950.3Italy 131,665.5 157,773.8 190,834.7 200,995.1 218,608.4Japan 924,642.3 790,187.5 807,663.4 919,901.8 905,518.5Kenya 1,082,171.5 473,678.2 582,864.0 450,305.1 563,073.5Malaysia 640,615.2 337,162.5 567,020.1 413,982.8 338,947.2Mexico 4,545.3 14,677.5 10,474.7 13,742.2 18,374.1Mozambique 30,332.7 66,075.2 26,026.9 20,677.0 54,600.4Netherlands 291,741.5 189,505.4 229,584.5 189,519.6 193,776.4New Zealand 4,765.7 7,697.3 7,841.0 6,375.3 7,638.4Norway 73,186.9 9,426.9 15,286.5 26,402.1 189,274.7Pakistan 101,623.6 80,888.7 70,138.4 52,770.7 89,766.7Portugal 3,302.8 7,432.8 6,873.7 17,729.5 20,212.2Saudi Arabia 338,854.5 4,019,058.6 479,693.6 1,051,617.0 1,292,481.2Singapore 64,838.3 183,597.9 114,593.1 137,796.8 68,791.5Somalia 86.2 850.6 0.0 0.0 0.0South Africa 997,245.1 1,020,625.9 1,027,974.0 929,196.2 994,807.6South Korea 269,999.3 450,276.3 359,878.9 315,035.1 1,569.0Spain 55,883.5 63,214.4 68,590.7 78,248.8 83,651.9Sri Lanka 40,385.7 21,419.7 7,042.3 7,662.1 12,317.8Swaziland 77,929.3 74,138.8 89,699.7 83,154.4 87,520.8Sweden 183,423.1 118,880.7 150,179.9 79,281.9 125,422.4Switzerland 2,149,399.6 856,409.2 282,505.4 460,663.2 282,235.4Taiwan 60,397.8 108,871.2 57,670.2 63,698.2 55,172.4Thailand 173,054.1 183,744.2 171,077.9 205,054.4 268,363.9Turkey 235,892.7 156,801.2 142,329.6 172,912.4 388,657.8Uganda 79,316.6 78,309.9 66,848.5 76,481.8 119,947.2United Arab Emirate 1,942,477.8 1,674,224.8 1,289,428.3 1,326,921.8 1,983,145.0United Kingdom 434,709.8 361,532.2 337,544.4 293,230.7 361,990.0United States of America 611,264.6 641,744.2 548,576.0 452,137.7 540,782.3USSR/Russia 212,300.0 245,853.9 233,773.9 280,119.3 140,145.4Yugoslavia 0.0 0.3 n.a n.a 0.0Zambia 104,719.7 64,729.4 72,926.8 120,357.5 116,033.2Zimbabwe 7,896.3 11,408.7 4,520.5 2,508.9 2,803.5Others 1,129,651.1 1,051,793.3 815,191.6 865,818.6 1,176,033.4Total 19,841,172.6 21,443,280.1 17,145,817.7 17,338,939.4 19,368,423.9Source: Tanzania Revenue Authority, and Bank of Tanzania computations

Note: p denotes provisional data; n.a, not available

66


Table 4.11: Tanzania Exports to COMESA Countries

Table 4.12: Tanzania Imports from COMESA Countries

Millions of TZS

Country 2014 2015 2016 2017 2018P

Burundi 71,138.1 77,673.3 113,462.1 113,236.4 107,876.7

Comoro 2,682.6 371,921.3 375,192.9 11,386.0 7,338.8

Djibout 4,330.0 15,401.2 6,408.5 905.9 74.5

Ethiopia 8,918.2 293.8 1,789.4 5,720.4 7,503.5

Kenya 737,131.7 1,452,035.1 683,147.8 390,644.5 482,237.3

Lesotho n.a n.a n.a n.a n.a

Malawi 168,249.8 111,089.8 67,007.8 80,273.7 104,454.5

Mauritius 4,017.3 2,514.8 3,590.6 5,343.0 5,567.8

Rwanda 59,177.7 81,736.7 14,188.4 134,667.9 179,647.5

Somalia 11,043.1 5,528.6 845.8 2,885.5 2,188.6

Swaziland 1,905.1 18,074.2 247.3 1,225.7 4,613.6

Uganda 121,218.9 99,881.8 126,744.3 53,630.2 238,736.7

Zambia 223,715.6 87,513.6 70,815.5 108,312.3 114,266.0

Zimbabwe 11,668.4 12,439.8 13,821.4 18,621.3 19,784.4

Total 1,425,196.4 2,336,104.0 1,477,261.7 926,852.9 1,274,290.0Source: Tanzania Revenue Authority, and Bank of Tanzania computations

Note: p denotes provisional data; n.a, not available

Millions of TZS

Country 2014 2015 2016 2017 2018P

Burundi 931.7 2,121.6 1,685.9 521.3 2,338.3

Comoro 103.3 186.7 10,153.6 37.7 67.1

Djibout 1,183.8 273.9 293.6 375.2 322.7

Ethiopia 436.6 4,677.4 283.2 432.0 549.2

Kenya 1,082,171.5 473,678.2 582,864.0 450,305.1 563,073.5

Lesotho 736.7 1,017.3 998.3 605.6 1,532.6

Malawi 19,875.5 26,999.1 57,834.7 36,965.5 41,657.8

Mauritius 21,037.3 49,329.4 32,900.1 17,486.4 16,840.3

Rwanda 5,279.0 2,210.7 2,444.0 2,905.4 3,099.2

Somalia 86.2 850.6 0.0 0.0 0.0

Swaziland 77,929.3 74,138.8 282,505.4 83,154.4 87,520.8

Uganda 79,316.6 78,309.9 66,848.5 76,481.8 119,947.2

Zambia 104,719.7 64,729.4 72,926.8 120,357.5 116,033.2

Zimbabwe 7,896.3 11,408.7 4,520.5 2,508.9 2,803.5

Total 1,401,703.4 789,931.6 1,116,258.8 792,136.9 955,785.4Source: Tanzania Revenue Authority, and Bank of Tanzania computations


67


Table 4.13: Services, Income and Transfers

Net Receipts Payments Net Receipts Payments Net Receipts Payments

2013 1,143,587.9 5,123,127.4 3,979,539.6 -1,124,060.5 207,963.6 1,332,024.1 679,616.6 778,344.4 98,727.8

2014 1,209,578.7 5,622,864.2 4,413,285.5 -533,029.9 195,348.9 728,378.8 198,731.0 294,945.5 96,214.4

2015 1,495,565.0 6,803,828.9 5,308,263.9 -697,334.3 217,069.0 914,403.3 761,996.7 919,582.6 157,585.9

2016 2,560,362.1 7,852,491.8 5,292,129.7 -2,627,604.7 235,570.3 2,863,175.0 889,706.1 1,053,917.5 164,211.4

2017r 4,065,575.4 8,485,518.4 4,419,942.9 -2,631,483.2 281,248.5 2,912,731.6 896,168.2 1,081,601.1 185,433.0

2018P 4,251,272.1 9,058,301.8 4,807,029.7 -1,957,189.3 352,120.1 2,309,309.3 1,058,092.6 1,209,536.9 151,444.4

2014 - Q1 163,919.4 1,238,354.6 1,074,435.2 -124,017.9 53,744.5 177,762.3 37,729.9 59,516.0 21,786.2

Q2 147,055.8 1,155,987.9 1,008,932.1 -102,315.9 43,348.8 145,664.6 651.6 19,105.3 18,453.7

Q3 451,397.3 1,577,756.1 1,126,358.8 -166,603.3 52,868.1 219,471.4 129,687.8 159,761.3 30,073.5

Q4 447,206.2 1,650,765.7 1,203,559.4 -140,092.9 45,387.6 185,480.5 30,661.8 56,562.8 25,901.0

2015 - Q1 279,047.0 1,463,995.5 1,184,948.6 -137,328.1 63,797.8 201,125.9 15,474.8 59,757.1 44,282.4

Q2 254,726.3 1,456,527.4 1,201,801.0 -93,730.6 43,105.4 136,835.9 366,267.2 399,119.3 32,852.0

Q3 448,048.2 1,980,709.2 1,532,660.9 -240,828.1 51,140.0 291,968.0 158,819.2 203,479.8 44,660.6

Q4 513,743.5 1,902,596.9 1,388,853.4 -225,447.5 59,025.9 284,473.5 221,435.5 257,226.4 35,790.9

2016 - Q1 493,760.2 1,773,741.8 1,279,981.6 -621,477.4 61,944.4 683,421.9 176,691.1 212,667.3 35,976.2

Q2 24,448.9 1,656,182.9 1,631,734.0 -945,827.9 66,260.0 1,012,087.8 221,453.5 282,451.8 60,998.3

Q3 969,663.6 2,176,733.8 1,207,070.2 -585,371.2 51,982.8 637,354.0 284,505.1 316,629.3 32,124.1

Q4 1,072,489.4 2,245,833.3 1,173,343.9 -474,928.2 55,383.1 530,311.3 207,056.4 242,169.1 35,112.8

2017 - Q1 812,774.5 1,850,363.2 1,037,588.8 -660,410.2 63,096.2 723,506.4 153,910.4 198,359.8 44,449.3

Q2 744,071.7 1,787,690.0 1,043,618.3 -693,852.1 61,878.9 755,731.0 356,831.8 388,027.0 31,195.3

Q3 1,219,035.4 2,258,377.5 1,039,342.1 -597,717.9 60,769.7 658,487.5 192,709.2 247,154.2 54,444.9

Q4 1,289,693.9 2,589,087.7 1,299,393.8 -679,503.0 95,503.7 775,006.7 192,716.7 248,060.2 55,343.4

2018 - Q1 836,226.7 2,084,712.6 1,248,485.9 -585,614.6 76,421.8 662,036.4 237,351.2 284,873.2 47,522.0

Q2 808,129.9 1,987,134.5 1,179,004.6 -466,177.6 79,930.7 546,108.2 352,839.3 389,744.6 36,905.4

Q3 1,231,030.2 2,435,883.1 1,204,852.9 -416,014.3 89,301.4 505,315.7 197,440.9 235,077.7 37,636.8

Q4 1,375,885.4 2,550,571.6 1,174,686.2 -489,382.8 106,466.2 595,849.0 270,461.2 299,841.4 29,380.2

2019 - Q1 1,179,910.7 2,300,137.1 1,120,226.4 -454,234.2 126,879.8 581,113.9 206,177.0 239,948.5 33,771.5

Q2r 884,959.3 2,005,763.5 1,120,804.2 -504,344.3 112,647.5 616,991.8 78,034.1 112,647.5 34,613.3

Q3P 1,602,626.1 2,731,307.4 1,128,681.3 -429,571.2 80,859.5 510,430.7 51,146.1 80,859.5 29,713.4Source: Tanzania Revenue Authority, and Bank of Tanzania computations

Note: p denotes provisional data; r, revised data; and Q, quarter

Millions of TZS

Period

Secondary incomePrimary incomeServices

68

4.0

Bala

nce

of P

aym

ents

and

For

eign

Tra

de D

evel

opm

ents

Tabl

e 4.

14: F

orei

gn R

eser

ves

Posi

tion

Asse

tsLia

bilitie

sNe

tEn

d of

perio

d

B

ank o

f Tan

zania

Fo

reign

asse

ts an

d liab

ilities

Offici

al res

erve a

ssets

Forei

gn

curre

ncy

Trans

ferab

le de

posits

B

ank o

f Tan

zania

Offici

al res

erve a

ssets

Othe

r dep

osits

Secu

rities

B

ank o

f Tan

zania

Offici

al res

erve a

ssets

Share

s

B

ank o

f Tan

zania

Offici

al res

erve a

ssets

Rese

rve

positi

on in

the

Fund

SDR h

olding

sTo

tal

B

ank o

f Tan

zania

Co

mmerc

ial ba

nks

Total

net

positi

on

Offici

al res

erve a

ssets

Othe

r forei

gn

asse

tsUs

e of F

und

Cred

it

Net

intern

ation

al res

erves

Liquid

forei

gn

asse

ts

Liquid

for

eign

liabiliti

es

Net liq

uid

foreig

n as

sets

Othe

r for

eign

asse

tsOt

her fo

reign

liab

ilities

Net fo

reign

as

sets

2014

7,565

,902.1

1,185

,435.5

6,380

,466.6

2015

8,831

,174.5

1,302

,985.2

7,528

,189.3

2016

9,434

,704.0

1,153

,291.1

8,281

,412.8

2017

13,24

9,323

.11,0

99,44

0.612

,149,8

82.5

2018

11,56

4,296

.487

1,985

.810

,692,3

10.6

42.5

814,7

58.4

583.4

711,9

94.8

0.060

6,451

.6

0.024

0,676

.2

0.081

8,074

.4

937,7

85.4

5,451

,320.8

2,028

,127.0

5,710

,287.0

2,634

,914.1

5,970

,860.4

4,888

,769.4

7,813

,913.0

4,460

,091.4

5,983

,346.2

412.1

497.8

611.5

773.8

1,146

.2

14,47

2.433

5,250

.87,5

54,04

2.411

,859.7

700,4

57.1

6,853

,585.3

1,206

,352.7

670,2

08.0

536,1

44.7

104,3

40.8

469,4

09.6

171,0

75.9

6,551

,542.5

68,28

6.727

5,699

.58,7

95,47

6.135

,698.4

711,7

66.5

8,083

,709.5

1,643

,062.3

665,1

85.9

977,8

76.5

531,3

90.3

793,4

06.9

715,8

59.9

8,244

,049.2

129,3

14.2

55,75

7.09,3

97,90

8.936

,795.1

560,3

94.6

8,837

,514.3

1,339

,801.8

506,8

27.8

832,9

74.0

329,1

49.1

1,257

,211.2

-95,08

8.28,1

86,32

4.6

210,9

36.4

2,938

.013

,158,0

06.8

91,31

6.241

7,005

.312

,741,0

01.6

1,359

,611.9

469,7

18.9

889,8

92.9

261,0

80.6

1,704

,745.5

-553,7

72.0

11,59

6,110

.5

184,2

15.3

60,98

3.911

,507,8

57.4

56,43

9.022

6,146

.211

,281,7

11.2

1,857

,754.5

548,5

37.4

1,309

,217.1

347,4

59.7

1,719

,198.4

-62,52

1.610

,629,7

89.0

2016

: Q1

8,639

,660.3

1,323

,330.0

7,316

,330.3

0.075

8,240

.31,7

75,19

1.45,7

00,86

0.152

7.824

7,815

.312

4,251

.68,6

06,88

6.432

,773.9

725,7

27.9

7,881

,158.5

1,456

,127.3

729,7

87.6

726,3

39.7

407,4

20.1

920,2

21.4

213,5

38.4

7,529

,868.6

Q28,4

70,84

3.81,3

14,07

9.67,1

56,76

4.364

.251

9,596

.72,1

81,80

8.25,5

00,36

4.864

5.118

2,020

.655

,835.3

8,440

,334.9

30,50

8.965

3,398

.47,7

86,93

6.51,4

43,87

2.053

0,911

.591

2,960

.537

5,470

.496

2,379

.232

6,051

.77,4

82,81

6.0

Q38,9

39,40

4.81,2

94,45

6.27,6

44,94

8.60.0

608,3

49.9

2,387

,533.7

5,681

,454.7

648.0

177,4

93.9

54,72

1.68,9

10,20

1.829

,203.0

650,1

08.6

8,260

,093.2

1,349

,874.1

484,5

12.5

865,3

61.6

317,7

67.5

1,139

,570.0

43,55

9.17,6

88,50

7.6

Q49,4

34,70

4.01,1

53,29

1.18,2

81,41

2.80.0

606,4

51.6

2,634

,914.1

5,970

,860.4

611.5

129,3

14.2

55,75

7.09,3

97,90

8.936

,795.1

560,3

94.6

8,837

,514.3

1,339

,801.8

506,8

27.8

832,9

74.0

329,1

49.1

1,257

,211.2

-95,08

8.28,1

86,32

4.6

2017

: Q1

10,00

0,459

.71,1

72,64

2.38,8

27,81

7.40.0

892,0

40.6

2,810

,384.7

6,061

,647.0

633.4

172,7

16.5

31,71

1.59,9

69,13

3.631

,326.0

555,4

53.1

9,413

,680.6

1,156

,214.5

540,6

47.1

615,5

67.5

286,9

31.1

1,342

,118.2

-439,6

19.6

8,388

,197.8

Q211

,185,3

34.3

1,168

,562.0

10,01

6,772

.40.0

895,1

61.0

3,763

,274.7

6,278

,031.3

736.6

185,3

96.6

29,04

3.711

,151,6

43.9

33,69

0.450

2,201

.310

,649,4

42.6

1,275

,346.9

543,2

69.3

732,0

77.6

272,0

49.9

1,447

,825.3

-443,6

97.8

9,573

,074.6

Q313

,076,5

29.7

1,774

,064.2

11,30

2,465

.535

.61,2

18,79

7.24,3

15,41

1.46,6

34,82

2.576

5.520

7,091

.53,1

72.7

12,38

0,096

.469

6,433

.348

4,842

.411

,895,2

54.0

1,157

,815.7

528,2

71.9

629,5

43.8

298,5

86.9

1,833

,917.6

-905,7

87.0

10,39

6,678

.5

Q413

,249,3

23.1

1,099

,440.6

12,14

9,882

.50.0

240,6

76.2

4,888

,769.4

7,813

,913.0

773.8

210,9

36.4

2,938

.013

,158,0

06.8

91,31

6.241

7,005

.312

,741,0

01.6

1,359

,611.9

469,7

18.9

889,8

92.9

261,0

80.6

1,704

,745.5

-553,7

72.0

11,59

6,110

.5

2018

: Q1

12,31

7,700

.01,1

68,50

0.811

,149,1

99.2

0.051

3,161

.84,3

45,59

7.77,0

51,90

3.880

1.925

1,245

.14,5

36.5

12,16

7,246

.815

0,453

.240

3,239

.611

,764,0

07.2

1,563

,686.7

431,3

38.7

1,132

,348.1

207,9

88.0

1,608

,376.7

-268,0

40.6

10,88

1,158

.6

Q212

,603,0

33.1

1,088

,156.0

11,51

4,877

.1

Q312

,481,4

40.4

985,6

39.6

11,49

5,800

.7

Q411

,564,2

96.4

871,9

85.8

10,69

2,310

.6

2019

: Q1

10,84

5,855

.695

5,487

.59,8

90,36

8.1

Q210

,267,5

61.0

846,6

81.3

9,420

,879.8

Q3P

12,43

7,919

.275

5,481

.411

,682,4

37.8

Sourc

e: Ba

nk of

Tanz

ania

and b

anks

Note:

p de

notes

prov

isiona

l data

; and

Q, q

uarte

r

0.01,0

65,90

4.1

0.055

1,827

.3

0.081

8,074

.4

0.075

4,112

.3

0.01,2

47,51

8.7

0.01,1

95,44

4.5

4,432

,464.8

6,758

,730.8

5,106

,424.2

6,532

,986.9

4,460

,091.4

5,983

,346.2

3,694

,871.1

6,048

,698.6

3,115

,994.0

5,451

,732.3

4,128

,581.2

6,618

,300.3

1,046

.7

1,157

.2

1,146

.2

1,128

.1

1,142

.8

1,143

.2

166,8

96.5

3,891

.212

,428,9

34.2

174,0

99.0

323,0

61.3

12,10

5,872

.91,6

67,86

6.748

2,702

.11,1

85,16

4.620

2,338

.01,6

65,69

4.4-27

8,191

.711

,236,6

85.4

185,9

59.6

4,508

.512

,382,8

63.7

98,57

6.629

5,969

.612

,086,8

94.2

1,640

,019.7

556,9

53.9

1,083

,065.8

522,9

59.7

1,470

,820.0

135,2

05.5

11,63

1,006

.3

184,2

15.3

60,98

3.911

,507,8

57.4

56,43

9.022

6,146

.211

,281,7

11.2

1,857

,754.5

548,5

37.4

1,309

,217.1

347,4

59.7

1,719

,198.4

-62,52

1.610

,629,7

89.0

186,3

36.6

33,50

9.510

,718,6

56.2

127,1

99.4

200,1

84.2

10,51

8,472

.01,8

62,15

3.456

8,860

.81,2

93,29

2.652

3,121

.41,6

87,62

7.112

8,786

.910

,019,1

55.0

193,6

25.5

68,06

1.310

,078,0

74.6

189,4

86.4

130,8

56.8

9,947

,217.9

1,772

,381.3

622,4

82.1

1,149

,899.2

791,0

59.8

1,735

,513.6

205,4

45.3

9,626

,325.1

165,5

10.4

39,87

9.212

,148,8

58.8

289,0

60.4

102,4

44.4

12,04

6,414

.42,1

12,37

5.057

2,759

.11,5

39,61

5.958

3,885

.51,8

81,73

1.624

1,769

.811

,924,2

07.6

Milli

ons

of T

ZS

69

5.0 National Debt Development

Table 5.1: National Debt DevelopmentsName Title Telephone Direct

EXECUTIVE OFFICE

Prof. F. D. Luoga Governor 022 2233020/1/2Dr. Y. M. Kayandabila Deputy Governor (EFP) 022 2233040/1Mr. J. B. Raphael Deputy Governor (AIC) 022 2233042/3Dr. B. Y. Kibesse Deputy Governor (FSD) 022 2233044/5/6

1. GOVERNOR’S OFFICE Dr. N. P. Balele Personal Assistant to the Governor 022 2233499

Independent Departments:Strategic Planning DepartmentJ. S. Rumanyika Manager 022 2233344/24

Risk Management DepartmentD. A. Blasius Manager 022 2235297/8

Public Relations and Protocol DepartmentZ. K. Mbeo Manager 022 2233166/7

Internal Security DepartmentJ. J. Magigita Manager 022 2235573/4

Procurement DepartmentE. D. Machimu Manager 022 2235194/5

2. DIRECTORATE OF HUMAN RESOURCE AND ADMINISTRATION

K. A. Nyoni Director 022 2235144/5

Human Resource Management Department F. A. Mwaigomole Manager 022 2235148/9

Administrative Services Department G. S. Nyaisa Manager 022 2235192/3

Staff Development and Welfare Department S. I. Mugassa Manager 022 2235146/7

Medical Services DepartmentVacant Manager 022 2235189/90

3. DIRECTORATE OF BANKING A. N. Hotay Director 022 2235415/6Banking DepartmentDr. E. M. Mung’ong’o Manager 022 2235134/5

Currency Department I. S. Ilulu Manager 022 223 5672/3

Processing and Technical ServicesE. K. Mbapila Manager 022 2235550

4. DIRECTORATE OF FINANCIAL SECTOR SUPERVISION

J. W. Sabi Director 022 2235482/3

Banks Supervision Department S. U. Musa Manager 022 2235530/1

Financial Institutions Supervision DepartmentN. A. Omar Manager 022 2235480/1

Licensing and Operations Review Department F. S. Aminiel Manager 022 2235576/7

Microfinance and Bureau de Change Supervision DepartmentV. C. Tarimu Manager 022 2235585/6

Micro Prudential Analysis and Crisis ManagementDr. D. E. Assey Manager 022 2235576/7

5. DIRECTORATE OF ECONOMIC RESEARCH AND POLICY Dr. S. O. Missango Director 022 2233328/9

Monetary and Financial Affairs Department D. E. Lema Manager 022 2233349/50

International Economics Department F. A. Mlele Manager 022 2233303/4

Fiscal and Debt Management Department Dr. M. Kazi Manager 022 2233378/9

Research Department Dr. N. Yabu Manager 022 2233330/1

Real Sector and Microfinance Department Dr. C. B. Masenya Manager 022 2233280/1

6. DIRECTORATE OF FINANCE J. J. Ngelime Director 022 2235126/7

Payments and Settlements Department G. Kessy Manager 022 2235624/5

Budgeting and Financial Reports DepartmentL. N. Mkude Manager 022 2235676/7

7. DIRECTORATE OF FINANCIAL MARKETS A. K. Ng’winamila Director 022 2233564/5

Financial Markets Department L. M. Kakulu Manager 022 2233529/30

Credit Guarantee Schemes DepartmentR. N. Felix Manager 022 2233568/9

8. DIRECTORATE OF MANAGEMENT INFORMATION SYSTEMS R. A. Rashid Director 022 2235136/7 Information System Services Department J. A. Masoy Manager 022 2235333/4

Systems Design and Administration Department J. R. Ngussa Manager 022 2235138/9

Networks and Office Automation Department S. J. Sakilu Manager 022 2233730/1

9. DIRECTORATE OF NATIONAL PAYMENTS SYSTEMS B. J. Dadi Director 022 2235432/3

Oversight and Policy Department T. M. Mongella Manager 022 2235439/40

System Development and Support DepartmentL. M. Shaidi Manager 022 2235434/5

10. DIRECTORATE OF INTERNAL AUDIT

A. H. Hamis Director 022 2235240/1

Systems Audit and Operations Department N. M. Malekani Manager 022 2235242/3

Operational Audit Department U. M. Badiy Manager 022 2235255/6

11. DIRECTORATE OF ESTATE MANAGEMENTVacant Director 022 2235600

Estate Administration DepartmentM. M. Kiwayo Manager 022 2233376

Estate and Facilities Maintenance DepartmentM. G. Kasembo Manager 022 2235202/3

Capital Works Management DepartmentC. B. Mwitta Manager 022 2235098

12. DIRECTORATE OF LEGAL SERVICES

P. M. Luena Director 022 2233240/1

Legal Secretarial Services DepartmentI. N. Kihwili Manager 022 2233242/3

Legal Support Services and Anti-Money Laundering and Combating of Terrorism DepartmentR. K. Sinamtwa Manager 022 2233253/4

13. DEPOSIT INSURANCE BOARDVacant Director 022 2235389/90

Finance and AdministrationR. J. Malisa Manager 022 2235391Operations Department R. J. Tesha Manager 022 2235393/4

14. BANK OF TANZANIA TRAINING INSTITUTE (MWANZA) Dr. W. S. Reweta Principal 028 2500709 A. A. Ukhotya Director of Studies 028 2500982 O. N. Vyosena Manager, Finance and Administration 028 2502697

15. BOT BRANCHES Arusha

C. P. Yamo Director 027 2545482O. N. Haule Manager, Operations 027 2504047Dr. W. E. Mbowe Manager, Economics 027 2548443 E. E. Uliwa Manager, Finance and Administration 027 2504009

DodomaR. L. Wambali Director 022 2232505/6H. J. Mwansembo Manager, Operations 022 2232530/1Dr. C. A. Kombe Manager, Economics 022 2232513/4D. L. Mushi Manager, Finance and Administration 022 2232517/8

Mbeya I. J. Malogoi Director 025 2504158 H. J. Mwansembo Manager, Operations 025 2502055 Dr. N. J. Kessy Manager, Economics 025 2502839 B. K. Ali Manager, Finance and Administration 025 2502700 MtwaraL. A. Mwimo Director 022 2232650/1L. B. Mzundu Manager, Operations 022 2232656/7M. K. Mziya Manager, Economics 022 2232654L. M. Rweyemamu Manager, Finance and Administration 022 2232652/3

Mwanza F. N. Kazimoto Director 028 2501015 G. E. Mwaikambo Manager, Operations 028 2500024 Dr. J. D. Machemba Manager, Economics 028 2500622

G. J. Gelle Manager, Finance and Administration 028 2500025

Zanzibar

Y. A. Mchujuko Director 024 2234503 S. S. Masoud Manager, Operations 024 2234506 M. N. Lugobi Manager, Economics 024 2234507 M. A. Abdalla Manager, Finance and Administration 024 2234504

Millions of USD

Sep-17 Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 Sep-19

1. Overall total debt committed2 26,455.2 26,665.7 27,181.5 28,063.1 27,971.7 28,760.5 28,989.4 29,573.9 29,714.1

Disbursed outstanding debt 17,775.9 17,629.4 18,467.5 18,765.1 18,775.4 19,254.0 19,641.3 20,029.3 20,288.1

Undisbursed debt 8,679.3 9,036.3 8,714.0 9,298.0 9,196.3 9,506.5 9,348.1 9,544.6 9,426.0

2. Disbursed debt by creditor category2 17,775.9 17,629.4 18,467.5 18,765.1 18,775.4 19,254.0 19,641.3 20,029.3 20,288.1

Bilateral debt 1,166.4 971.7 1,210.1 981.7 1,003.2 1,025.4 1,033.4 1,057.1 1,052.1

Multilateral debt 9,084.5 9,091.9 9,525.7 9,509.2 9,531.3 9,718.9 9,852.6 9,966.4 9,705.0

Commercial debt 5,912.9 5,794.0 5,851.3 6,498.5 6,371.5 6,471.7 6,705.6 6,922.8 7,514.6

Export credit 1,612.1 1,771.8 1,880.4 1,775.7 1,869.4 2,038.0 2,049.7 2,083.0 2,016.4

3. Disbursded debt by borrower category2 17,775.9 17,629.4 18,467.5 18,765.1 18,775.4 19,254.0 19,641.3 20,029.3 20,288.1

Central government 14,328.2 14,189.6 14,725.8 14,978.8 14,849.8 15,107.4 15,369.1 15,727.2 16,173.8

Public corporations 286.6 220.5 208.1 180.4 167.6 136.8 125.2 95.0 82.4

Private sector 3,161.1 3,219.3 3,533.6 3,605.9 3,758.0 4,009.8 4,147.0 4,207.1 4,031.9

4. Disbursed debt by use of funds2 17,775.9 17,629.4 18,467.5 18,765.1 18,775.4 19,254.0 19,641.3 20,029.3 20,288.1

Balance of payments and budget support 3,076.9 2,812.9 2,850.3 2,723.7 2,766.0 2,753.1 2,948.4 2,836.4 2,792.7

Transport and telecommunication 3,967.4 4,000.9 4,344.0 4,077.0 4,058.0 4,302.0 4,296.0 4,634.0 5,462.0

Agriculture 1,186.9 1,188.7 1,226.0 1,207.0 1,216.0 1,243.0 1,252.0 1,256.0 1,043.0

Energyand mining 2,871.8 2,927.4 3,024.0 2,970.0 2,990.0 3,016.0 3,093.0 3,105.0 3,068.4

Industries 531.5 542.4 587.0 605.0 640.0 656.0 662.0 666.0 639.0

Social welfare and education 2,650.9 2,697.7 3,018.2 2,999.0 2,959.0 3,009.0 3,150.4 3,254.0 3,401.0

Finance and insurance 911.1 924.0 1,015.0 1,049.0 1,045.0 1,185.0 1,218.0 1,186.0 1,016.0

Tourism 67.4 67.6 68.0 68.0 109.0 152.0 152.0 171.0 169.0

Real estate and construction 802.5 816.4 833.0 1,096.0 1,076.0 1,078.7 1,072.0 1,109.0 1,099.0

Other 1,709.5 1,651.4 1,502.0 1,970.4 1,916.4 1,859.2 1,797.5 1,811.9 1,598.0

5. Total amount of debt contracted1 83.7 26.1 120.0 39.1 53.1 18.6 59.0 25.0 103.8

Central government 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0


Private sector 83.7 26.1 120.0 39.1 53.1 18.6 59.0 25.0 103.8

6. Disbursements1 420.9 96.5 347.7 883.3 195.8 327.1 419.7 526.9 1,040.5

Central government 346.1 90.8 284.0 755.8 163.4 325.6 366.2 495.9 960.1


Private sector 74.8 5.7 63.7 127.5 32.4 1.5 53.5 31.0 80.4

7. Actual debt service1 193.5 260.2 404.1 214.5 199.5 253.2 258.2 275.5 538.1

Principal 116.3 198.9 293.1 152.4 153.9 170.2 185.9 179.2 483.5

Interest 77.3 61.3 111.0 62.1 45.6 83.0 72.3 96.3 54.6

Other payments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

8. Net flows on debt1 304.6 -102.4 54.6 730.9 41.9 156.9 233.8 347.8 557.0

9. Net transfers on debt1 227.4 -163.7 -56.4 668.8 -3.7 73.9 161.5 251.4 502.4

10. Arrers by creditors category2 3,367.3 3,589.5 4,041.8 4,279.5 4,427.5 4,436.1 4,728.5 4,789.3 4,557.3

Principal 1,903.3 2,038.6 2,352.7 2,541.6 2,647.3 2,629.6 2,849.8 2,897.6 2,673.5

Bilateral debt 349.4 312.6 319.6 326.0 321.2 315.6 318.1 320.7 314.8

Multilateral debt 93.3 87.1 90.1 100.7 103.8 119.1 142.1 117.2 117.9

Commercial debt 816.5 723.2 764.3 807.3 879.0 1,097.0 1,223.9 1,281.5 1,167.3

Export credit 644.2 915.8 1,178.7 1,307.6 1,343.3 1,097.9 1,165.7 1,178.2 1,073.5

Interest 1,464.0 1,550.8 1,689.1 1,737.9 1,780.2 1,806.5 1,878.7 1,891.7 1,883.8

Bilateral debt 799.7 827.5 846.4 840.9 847.0 883.2 892.6 901.4 902.6

Multilateral debt 17.0 23.3 26.0 29.4 33.4 39.8 43.4 25.2 30.0

Commercial debt 397.1 331.1 351.2 359.9 375.3 508.0 549.6 536.2 583.9

Export credit 250.3 368.9 465.5 507.7 524.5 375.5 393.1 428.9 367.3

11. External debt stock 19,239.9 19,180.2 20,156.6 20,503.0 20,555.6 21,060.5 21,520.0 21,920.9 22,171.9

12. Domestic sebt stock 5,530.8 6,014.8 6,265.4 6,725.2 6,181.3 6,382.1 6,162.2 6,491.8 6,141.7

13. Total debt stock 24,770.8 25,195.1 26,422.0 27,228.2 26,736.9 27,442.6 27,682.2 28,412.8 28,313.6

14. Export of goods and services 2,044.9 2,602.4 2,193.7 1,854.1 2,232.1 2161.1 2,226.8 1,924.0 2,775.9

18. External debt service as percent of exports 9.5 10.0 18.4 11.6 8.9 11.7 11.6 14.3 19.4

End of period exchange rate 2,237.8 2,231.1 2,259.8 2,277.7 2,288.8 2,292.6 2,289.5 2,289.5 2,289.4


Note: *Multilateral arrears are those owed by the private sector; 1 denotes debt flow during the period; and 2 stock position at the end of the period

2018/19 2019/20National Debt Developments Millions of USD

2017/18

70

6.0 International Economic and Financial Developments

Table 6.1: Economic Performance in G-7 Countries and the Euro AreaName Title Telephone Direct

EXECUTIVE OFFICE































































Zanzibar


2018 Sep-18 Dec-18 Mar-19 Jun-19 Sep-19

Canada

Real GDP1 2.9 0.7 1.1 3.0 1.9 2.0 1.6 1.4 1.6 n.a

Inflation1 1.9 1.1 1.4 1.6 2.3 2.7 2.0 1.6 2.1 1.9

Interest rates2 1.0 0.6 0.5 n.a n.a n.a n.a n.a n.a n.a

France

Real GDP1 1.0 1.1 1.2 2.3 1.7 1.5 1.1 1.3 1.4 n.a

Inflation1 0.5 0.0 0.2 1.0 1.9 2.2 1.9 1.2 1.1 0.1

Interest rates2 0.1 -0.2 -0.6 n.a n.a n.a n.a n.a n.a n.a

Germany

Real GDP1 2.2 1.7 2.2 2.2 1.4 1.2 0.6 0.9 0.4 n.a

Inflation1 0.9 0.5 0.5 1.5 1.7 1.9 2.0 1.4 1.7 1.5

Interest rates2 n.a n.a n.a n.a n.a n.a n.a n.a n.a n.a

Italy

Real GDP1 0.1 0.9 1.1 1.7 0.9 0.5 0.0 -0.1 -0.1 n.a

Inflation1 0.2 0.0 -0.1 1.2 1.1 1.5 1.4 1.0 0.8 0.3

Interest rates2 n.a n.a 0.4 n.a n.a n.a n.a n.a n.a n.a

Japan

Real GDP1 0.4 1.2 0.6 1.9 0.8 0.1 0.3 1.0 1.1 n.a

Inflation1 2.8 0.8 -0.1 0.5 1.0 1.1 0.9 0.3 0.8 0.3


UK

Real GDP1 2.9 2.3 1.8 1.8 1.4 1.6 1.4 1.8 1.2 n.a

Inflation1 1.5 0.4 1.0 2.6 2.3 2.3 2.1 1.8 2.0 1.8


USA

Real GDP1 2.5 2.9 1.6 2.2 2.9 3.1 2.5 2.7 2.3 n.a

Inflation1 1.6 0.1 1.3 2.1 2.4 2.6 2.2 1.6 1.8 1.8


EURO AREA

Real GDP1 1.4 2.1 2.0 2.4 1.9 1.7 1.2 1.2 1.1 n.a

Inflation1 0.4 0.2 0.2 1.5 1.8 2.1 1.9 1.4 1.4 n.a

Interest rates2 0.1 -0.2 n.a n.a n.a n.a n.a n.a n.a n.a

Source: IMF World Economic Outlook, Bloomberg system and Organization for Economic Co-operation and Development Statistics

Notes: 1 denoted percent change from the preceding year or similar quarter of the previous year; 2 Percent; and n.a, not available

Quarter ending

20172014 20162015

71

6.0

Inte

rnat

iona

l Eco

nom

ic a

nd F

inan

cial

Dev

elop

men

t

Tabl

e 6.

2: W

orld

Mar

ket P

rices

for S

elec

ted

Com

mod

ities

Name Title Telephone Direct

EXECUTIVE OFFICE































































Zanzibar


2017

2018

Sep-

18D

ec-1

8M

ar-1

9Ju

n-19

Sep-

19

Cof

fee

(Ara

bica

)U

SD p

er K

g4.

433.

713.

613.

332.

922.

772.

952.

802.

732.

87

Cof

fee

"Rob

usta

"U

SD p

er k

g2.

221.

941.

952.

231.

871.

781.

811.

721.

611.

58

Cot

ton

(A in

dex)

USD

per

Kg

1.83

1.56

1.64

1.92

2.01

2.06

1.91

1.82

1.80

1.60

Clo

ves

(Mad

agas

can

cif S

inga

pore

)U

SD p

er to

nne

12.0

910

.23

8.48

8.81

7.94

7.91

7.65

7.42

6.88

5.87

Sisa

l ( U

G g

rade

)U

SD p

er K

g1.

511.

871.

801.

821.

721.

701.

731.

721.

701.

70

Tea

(Mom

basa

auc

tion)

USD

per

Kg

2.05

2.68

2.30

2.56

2.50

2.43

2.36

2.19

2.65

2.62

Mai

zeU

SD p

er to

nne

192.

8816

9.75

159.

1615

4.53

164.

4115

7.88

162.

7916

7.01

175.

8817

0.09

Ric

e (T

hai 5

%)

USD

per

tonn

e42

2.83

386.

0039

6.17

399.

0042

0.67

402.

6740

4.67

408.

0041

4.00

424.

33

Whe

atU

SD p

er to

nne

284.

9020

4.47

166.

7517

4.20

209.

9322

2.42

209.

4421

1.52

201.

7218

8.98

Cru

de o

il*U

SD p

er b

arre

l96

.24

50.7

542

.81

52.8

168

.35

73.0

464

.33

60.5

065

.06

59.7

3

Cru

de o

il**

USD

per

bar

rel

89.0

951

.99

45.6

653

.12

69.1

573

.96

66.8

563

.24

67.0

360

.89

Whi

te p

rodu

cts*

**U

SD p

er to

nne

880.

2062

9.47

504.

5651

9.32

666.

2368

7.03

657.

9361

5.77

634.

9754

5.57

Gol

dU

SD p

er o

z t

1,26

5.58

1,17

4.13

1,24

9.06

1,25

7.56

1,26

9.23

1,21

2.60

1,22

8.81

1,30

4.24

1,30

9.55

1,47

4.63

Sour

ce: w

ww.w

orld

ban

k.or

g/en

/rese

arch

/com

mod

ity-m

arke

ts, B

loom

berg

and

Tan

zani

a Si

sal B

oard

Note

: UG

den

otes

und

er g

rade

; * a

vera

ge s

pot p

rice

of B

rent

, Dub

ai a

nd W

est T

exas

Int

erm

edia

te, e

qual

ly w

eigh

ed; *

* f.o

.b. D

ubai

; ***

ave

rage

of p

rem

ium

gas

olin

e, g

as o

il an

d je

t/ker

osen

e, f.

o. b

. Wes

t M

edite

rrane

an; a

nd o

z t,

troy

ounc

e

Qua

rter e

ndin

g

2014

2015

2016

Com

mod

ityU

nit p

rice

72

A2: LIST OF MANAGEMENT


EXECUTIVE OFFICE































































Zanzibar


73


EXECUTIVE OFFICE































































Zanzibar



EXECUTIVE OFFICE































































Zanzibar


74


EXECUTIVE OFFICE































































Zanzibar


75


EXECUTIVE OFFICE































































Zanzibar


76

Money supply

The sum of currency circulating outside the banking system and deposits of residents with banks defined in various levels of aggregation. In Tanzania, three aggregates of money supply are compiled and reported, namely; narrow money (M1), broad money (M2), and extended broad money (M3).

Narrow money (M1)

Consists of currency in circulation outside banking system plus demand deposits (cheque account).

Broad money (M2)

Comprises of narrow money (M1) plus fixed-term and savings deposits of residents with banks in the country.

Extended broad money (M3)

Consists of broad money (M2) plus foreign currency deposits of the residents with banks in the country.

Reserve money (M0)

Also referred as base money, or the monetary base or high-powered money. This includes currency in circulation outside the banking system, cash held in the vaults of banks and deposits of banks kept with the Bank of Tanzania in national currency.

Currency in circulation outside banks

Notes and coins of Tanzanian shillings circulating outside the banking system, i.e. outside the Bank of Tanzania and banks.

Disbursed Outstanding Debt

This is the amount of debt that has been disbursed but yet to be paid back or forgiven.

Discount rate

The rate of interest at which the Bank of Tanzania charges on loans it extends to banks. It uses Treasury bills rate as a base plus a loaded factor, which can be changed from time to time depending on the liquidity situation in the market.

Exchange rate

The price at which one unit of a currency can be purchased with another currency.


EXECUTIVE OFFICE














8.0 GLOSSARY















































Gross Official Reserves

Gross official reserves consist of external assets that are readily available to, and controlled by the Bank of Tanzania for direct financing of balance of payments, and for indirectly regulating the magnitude of balance of payments imbalances through intervention in foreign exchange markets. Gross official reserves comprise the Bank of Tanzania’s holdings of monetary gold, special drawing rights (SDRs), reserve position in the International Monetary Fund, and foreign exchange resources, available to the Bank of Tanzania for meeting external financing needs.

Inflation

The rate at which the average level of prices of a basket of selected goods and services in an economy is increasing over a period of time. It is often expressed as a percentage. Inflation indicates a decrease in the purchasing power of a nation's currency.

Food inflation

This is a measure of price movements caused by food prices.

Non-food inflation

This is a measure of price movements caused by factors other than food prices.

Core inflation

This is a measure of price movements caused by factors other than food and energy prices over a specified period of time. It provides better indication of the effectiveness of monetary policy.

Interbank Cash Market

A money market in which banks extend loans to one another for a specified term of not more than 90 days. Each transaction represents an agreement between the banks to exchange the agreed amounts of currency at the specified rate on a fixed date.

Overnight Interbank Cash Market

The component of the money market involving the shortest term loan. Lenders agree to lend borrowers




Zanzibar


77

funds only "overnight" i.e. the borrower must repay the borrowed funds plus interest at the start of business the next day.

Lombard facility

An overnight loan facility available for banks to borrow from the Bank of Tanzania at their own discretion, by pledging eligible government securities as collateral.

Lombard rate

The interest rate that the Bank of Tanzania charges bank for borrowing through Lombard facility. This rate is computed basing on the prevailing weighted average yield of 35-day Treasury bill, repo or overnight inter-bank rate, whichever is higher in the market plus a margin.

National Debt

Total national debt obligations that include public debt and private sector external debt.

Public Debt

Debt payable or guaranteed by the Government. Tanzania’s public debt has two main components, domestic debt (which is incurred principally to finance fiscal deficit) and external debt (which is raised primarily to finance development projects and comprises of debt the Central Government owes to foreign creditors and external obligations of government departments and agencies that are guaranteed for repayment by the Central Government).

Repurchase agreement (repo)

An arrangement involving sale of securities at a specified price with commitment to repurchase the same or similar securities at a fixed price on a specified future date.

Reverse repo

Simply the same as repurchase agreement from the buyer’s view point. It is an arrangement that involve buying of securities at a specified price with commitment to resale the same or similar securities at a fixed price on a specified future date.

Transferable deposits

Comprise of all deposits that are immediately convertible into currency and directly usable for making payments by cheques, draft, giro order, direct debit/credit or other payment facility without any kind of significant restriction or penalty.

Other deposits

Include all claims reflecting evidence of deposit other than transferable deposits. Typical examples are saving and fixed-term deposits.

Weighted yields of Treasury bills

This is the average yield of Treasury bills, which is weighted by the volume sold of 35-day, 91-day, 182-day, and 364-day Treasury bills, expressed in percentage per year.

78

Money supply

The sum of currency circulating outside the banking system and deposits of residents with banks defined in various levels of aggregation. In Tanzania, three aggregates of money supply are compiled and reported, namely; narrow money (M1), broad money (M2), and extended broad money (M3).

Narrow money (M1)

Consists of currency in circulation outside banking system plus demand deposits (cheque account).

Broad money (M2)

Comprises of narrow money (M1) plus fixed-term and savings deposits of residents with banks in the country.

Extended broad money (M3)

Consists of broad money (M2) plus foreign currency deposits of the residents with banks in the country.

Reserve money (M0)

Also referred as base money, or the monetary base or high-powered money. This includes currency in circulation outside the banking system, cash held in the vaults of banks and deposits of banks kept with the Bank of Tanzania in national currency.

Currency in circulation outside banks

Notes and coins of Tanzanian shillings circulating outside the banking system, i.e. outside the Bank of Tanzania and banks.

Disbursed Outstanding Debt

This is the amount of debt that has been disbursed but yet to be paid back or forgiven.

Discount rate

The rate of interest at which the Bank of Tanzania charges on loans it extends to banks. It uses Treasury bills rate as a base plus a loaded factor, which can be changed from time to time depending on the liquidity situation in the market.

Exchange rate

The price at which one unit of a currency can be purchased with another currency.


EXECUTIVE OFFICE




























































Gross Official Reserves

Gross official reserves consist of external assets that are readily available to, and controlled by the Bank of Tanzania for direct financing of balance of payments, and for indirectly regulating the magnitude of balance of payments imbalances through intervention in foreign exchange markets. Gross official reserves comprise the Bank of Tanzania’s holdings of monetary gold, special drawing rights (SDRs), reserve position in the International Monetary Fund, and foreign exchange resources, available to the Bank of Tanzania for meeting external financing needs.

Inflation

The rate at which the average level of prices of a basket of selected goods and services in an economy is increasing over a period of time. It is often expressed as a percentage. Inflation indicates a decrease in the purchasing power of a nation's currency.

Food inflation

This is a measure of price movements caused by food prices.

Non-food inflation

This is a measure of price movements caused by factors other than food prices.

Core inflation

This is a measure of price movements caused by factors other than food and energy prices over a specified period of time. It provides better indication of the effectiveness of monetary policy.

Interbank Cash Market

A money market in which banks extend loans to one another for a specified term of not more than 90 days. Each transaction represents an agreement between the banks to exchange the agreed amounts of currency at the specified rate on a fixed date.

Overnight Interbank Cash Market

The component of the money market involving the shortest term loan. Lenders agree to lend borrowers




Zanzibar


funds only "overnight" i.e. the borrower must repay the borrowed funds plus interest at the start of business the next day.

Lombard facility

An overnight loan facility available for banks to borrow from the Bank of Tanzania at their own discretion, by pledging eligible government securities as collateral.

Lombard rate

The interest rate that the Bank of Tanzania charges bank for borrowing through Lombard facility. This rate is computed basing on the prevailing weighted average yield of 35-day Treasury bill, repo or overnight inter-bank rate, whichever is higher in the market plus a margin.

National Debt

Total national debt obligations that include public debt and private sector external debt.

Public Debt

Debt payable or guaranteed by the Government. Tanzania’s public debt has two main components, domestic debt (which is incurred principally to finance fiscal deficit) and external debt (which is raised primarily to finance development projects and comprises of debt the Central Government owes to foreign creditors and external obligations of government departments and agencies that are guaranteed for repayment by the Central Government).

Repurchase agreement (repo)

An arrangement involving sale of securities at a specified price with commitment to repurchase the same or similar securities at a fixed price on a specified future date.

Reverse repo

Simply the same as repurchase agreement from the buyer’s view point. It is an arrangement that involve buying of securities at a specified price with commitment to resale the same or similar securities at a fixed price on a specified future date.

Transferable deposits

Comprise of all deposits that are immediately convertible into currency and directly usable for making payments by cheques, draft, giro order, direct debit/credit or other payment facility without any kind of significant restriction or penalty.

Other deposits

Include all claims reflecting evidence of deposit other than transferable deposits. Typical examples are saving and fixed-term deposits.

Weighted yields of Treasury bills

This is the average yield of Treasury bills, which is weighted by the volume sold of 35-day, 91-day, 182-day, and 364-day Treasury bills, expressed in percentage per year.

79

80

81

82

For any inquiry, please contact:Director of Economic Research and Policy

Bank of Tanzania, 2 Mirambo Street 11884 Dar es SalaamTelephone: +255 22 223 3328/9

Fax: +255 22 223 4060Website: http://www.bot.go.tz

Bank

of T

anza

nia

Libr

ary

ISSN 0856 - 101

Documents

ECONOMIC BULLETIN FOR THE QUARTER ENDING SEPTEMBER … Economic Bullet… · This report is intended for general information only and is not intended to serve as ˜nancial or other